ReNew Energy Global Sells Gadag Transmission Limited to IndiGrid for $41 Million
ReNew Energy Global Plc has agreed to sell its stake in Gadag Transmission Limited to IndiGrid for $41 million. The deal includes potential earn-out of $6 million and is subject to regulatory approvals. IndiGrid will gain full control of GTL, which has 187 km of transmission lines and 1,000 MVA capacity. The transaction will result in a cash inflow of $15 million for ReNew Energy after debt transfer.
ReNew Energy Global Plc has signed a definitive agreement to sell its entire stake in Gadag Transmission Limited (GTL), an inter-state transmission project in Karnataka, to IndiGrid Infrastructure Trust. The transaction values the project at approximately US$41 million, excluding cash and working capital adjustments, with an additional potential earn-out of around US$6 million related to a Change-In-Law payment. GTL, operational since September 2024, consists of about 187 circuit kilometers of transmission lines and 1,000 MVA of transformation capacity. Following regulatory and contractual approvals, IndiGrid will acquire 100% shareholding and management control of GTL. The transaction is expected to result in a total cash inflow of around US$15 million after debt transfer and the inclusion of the Change-In-Law claim. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Renew Energy Global plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-305337), on December 02, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
