Talwar Thakore & Associates (TT&A) has successfully advised KNI India AS (“KNI”), an existing shareholder in Koppal-Narendra Transmission Limited (KNTL), on the sale of its entire 49% shareholding in KNTL to IndiGrid Infrastructure Trust (“IndiGrid”)
This strategic transaction marks a significant milestone in the Indian power transmission sector and further strengthens IndiGrid’s portfolio in critical energy infrastructure.
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Transaction Overview
| Component | Details |
|---|---|
| Seller | KNI India AS (backed by Norfund and KLP) |
| Buyer | IndiGrid Infrastructure Trust |
| Target | Koppal-Narendra Transmission Limited (KNTL) |
| Stake Sold | 49% |
| Structure | Funded via equity, internal accruals, and debt |
| Legal Advisor | Talwar Thakore & Associates (TT&A) |
| TT&A Deal Team | Dushyant Bagga (Partner), Pooja Menon, Prerna Raturi |
About the Parties Involved
KNI India AS
A strategic investor in infrastructure, KNI India AS was a 49% stakeholder in KNTL. Backed by Norfund (Norway’s development finance institution) and KLP, KNI played a pivotal role in KNTL’s development.
IndiGrid Infrastructure Trust
India’s first listed power sector infrastructure investment trust (InvIT), IndiGrid is focused on owning and operating power transmission and renewable energy assets across the country. This acquisition aligns with its ongoing expansion strategy.
Talwar Thakore & Associates (TT&A)
A prominent Indian law firm, TT&A is known for its deep expertise in infrastructure and M&A. The firm advised KNI through all stages of the transaction, ensuring regulatory and commercial compliance.
Why This Deal Matters
- Expanding IndiGrid’s Portfolio: IndiGrid strengthens its operational footprint by acquiring a key transmission project and associated solar asset.
- Strategic Exit for KNI: KNI monetizes its infrastructure investment, paving the way for redeployment of capital.
- Legal Excellence: TT&A’s advisory role reinforces its standing as a leading legal advisor in infrastructure M&A transactions.
External Sources
Conclusion
The stake sale by KNI India to IndiGrid is a noteworthy development in India’s energy infrastructure space. With TT&A providing legal counsel, the deal not only strengthens IndiGrid’s operational assets but also reflects the growing maturity and strategic depth in India’s transmission sector.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
