Infrastructure investment trust IndiGrid said it has inked an agreement to acquire 100% stake in two projects of FRV Solar Holdings for ₹660 crore.
The completion of acquisition would depend upon receipt of relevant approvals, IndiGrid said.
“India Grid Trust (IndiGrid) has signed a securities purchase agreement on December 18 for acquisition of 100% in FRV Andhra Pradesh Solar Farm-I Private Ltd & FRV India Solar Park II — Private Ltd from FRV Solar Holdings XI BV,” it said. The enterprise value of the deal is ₹660 crore, IndiGrid added.
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