IndiGrid Infrastructure Trust Disposes Stake in Enerica Infra 4, Restructures Battery Energy Storage System Projects
IndiGrid Infrastructure Trust has executed a disinvestment in Enerica Infra 4 Private Limited (EIPL4) and simultaneously restructured its project management approach for Battery Energy Storage Systems (BESS) projects.The divestment transaction involved IndiGrid 2 Private Limited (IGL2), a wholly-owned subsidiary of the trust. IGL2 transferred 74% of the total paid up share capital and 100% interest in Enerica Infra 4 Private Limited to Enerica ReGrid Infra Private Limited (EnerGrid).
On July 24, 2026, IndiGrid terminated the Project Management and Implementation Agreement (PIMA) for BESS projects with EIPL4. Following this termination, IndiGrid executed a new PIMA for BESS projects with IndiGrid Limited (IGL).
Details of the disinvestment in Enerica Infra 4 Private Limited are summarized below:
| Particulars | Details |
|---|---|
| Target Entity | Enerica Infra 4 Private Limited ('EIPL4') |
| Paid Up Capital | INR 10,000 |
| Sale Agreement Date | July 23, 2026 |
| Transaction Completion Date | July 24, 2026 |
| Consideration Received | INR 10,000/- |
| Buyer Identity | Enerica ReGrid Infra Private Limited ('EnerGrid') |
EnerGrid committed to leading India's Energy Transition through the development of critical infrastructure for renewable energy and net zero goals. The company focuses on developing projects including large-scale power transmission systems, utility-scale Battery Energy Storage Systems (BESS), and Renewable Energy (RE) projects.
The transaction involved EnerGrid, which has a common director with the Investment Manager of IndiGrid, making it a related party.
INDIGRID Stock Price Movement
Today, shares of IndiGrid Infrastructure Trust edged higher, setting the post-market close at ₹179.27 after gaining 0.18%. The stock achieved its 52-week high during the trading session, with a robust volume tallying 746,217 shares traded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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