KRBL

The Government of Singapore on August 5 sold a 2.93% stake in IndiGrid Infrastructure Trust through open market block deals, with domestic institutional investors and asset managers emerging as key buyers. Despite the large transaction, IndiGrid units ended 0.21% higher at ₹177.38 on the National Stock Exchange amid strong trading volumes. According to exchange data, the Government of Singapore offloaded 2.79 crore units, representing 2.93% of the trust's outstanding units, for ₹486.14 crore. The deal was executed at ₹174 per unit. Before the transaction, the Government of Singapore held a 7.36% stake in IndiGrid Infrastructure Trust as of the June 2026 quarter, making it the trust's largest unitholder. Among the major buyers, Neo Group—through Neo Markets Services, Neo Treasury Plus Fund, Neo Real Asset Yield Fund and Neo Investment Managers—acquired 57.47 lakh units, equivalent to a 0.6% stake, for ₹100 crore. The National Pension System (NPS) Trust purchased 71.83 lakh units, representing a 0.75% stake, for nearly ₹125 crore, while Nippon India Mutual Fund bought 42.25 lakh units worth ₹73.52 crore. Other notable buyers included Goldman Sachs Bank Europe SE, which acquired 16.45 lakh units for ₹28.62 crore, and Askwa Income Opportunities AIF, which purchased 19.54 lakh units for ₹34 crore. Meanwhile, Indian Energy Exchange, Alpha Alternatives MSAR LLP, KRBL, Bharti AXA Life Insurance Company and Citigroup Global Markets Mauritius each bought 14.36 lakh units, with each transaction valued at around ₹25 crore.