KKR backed India Grid Trust (IndiGrid) has acquired 100% of the units of Virescent Renewable Energy; and shares of Virescent Infrastructure Investment Manager Private Limited for ₹40 billion (approximately $485 million).

AZB & Partners advised the acquirer on this deal.

The transaction team consisted of Ashwath Rau (Partner), Atreya Bhattacharya (Partner) and Vyjayanthi Raghu (Senior Associate).

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