Through the acquisition of Virescent Renewable Energy Trust, IndiGrid can get an exposure to 538 MW of operational solar generation assets

IndiGrid’s ₹4,000 crore acquisition: How it will impact unitholders

Infrastructure Investment Trust (InvIT) IndiGrid, owned by KKR in the Indian power sector, has taken over Virescent Renewable Energy Trust, another fund floated by the same company. Valued at INR40bn ($533m), Sebi approval is being sought for the transaction. Although Indian law currently prohibits …

KKR’s two InvITs - IndiGrid and Virescent - merge in first-of-a-kind deal

Global investment firm KKR-backed Virescent Renewable Energy Trust is in advanced stages of discussion to acquire 100MW solar assets from Jakson Group

KKR-backed Virescent in final talks to acquire solar assets from Jakson

HIT is KKRs third InvIT in India, in addition to Virescent Renewable Energy Trust- Indias first renewable energy InvIT, and India Grid Trust, a transmissions InvIT. Together, these platforms operate and manage 33 assets valued at over $3.8 billion across 22 states or union territories across India.

KKR India launches Highways Infrastructure Trust

Virescent Renewable Energy Trust reports consolidated net profit of Rs 38.04 crore in the March 2022 quarter

Sanjay Grewal, CEO, Virescent Infrastructure said in the statement, “This bond issuance is a significant achievement in VRET’s journey, demonstrating our debt raising capabilities to achieve competitive pricing and longer maturity profiles.”

Virescent Renewable Energy Trust raises Rs 650 cr via bonds

Government-owned India Infrastructure Finance Company (IIFCL) on Sunday said it has forayed into the long-term infrastructure bond market by subscribing to a non-convertible debt issued by Virescent Renewable Energy Trust an infrastructure investment trust (InvIT).

IIFCL invests Rs 325 crore in InvIT’s long-term debt

Hasn't faired well - amongst the low performers

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Seems to be overvalued vs the market average

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Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

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Good time to consider, stock is not in the overbought zone

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Promoter pledged holding

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Virescent Renewable Energy Trust is an infrastructure fund. The Company is located in Mumbai, India.

Virescent Renewable Energy Trust