IANSThe sale involves 135.8 million IndiGrid shares at an offer price of 132 rupees each. The offer comprises a base offer of 9.66% stake with an oversubscription option of 7.66%.
Esoteric, a sponsor of IndiGrid, is also a majority unitholder of IndiGrid Investment Managers, holding a 74% stake
The latter is responsible for IndiGrid's operations, including cash flows, acquisitions, and divestments.
The share sale is scheduled for August 22 and 23, with Axis Capital, Ambit Capital, and SBICAP Securities appointed as selling brokers.
The BSE is the designated stock exchange.
($1 = 83.8880 Indian rupees)
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