IndiGrid Investment Managers Limited (IIML) is the Investment Manager for IndiGrid. The Investment Manager is responsible for the operations pertaining to the Trust, such as distribution of cash flows, acquisition/divestment of assets etc. IIML executed Investment Management Agreement with IndiGrid on November 10, 2016. As per the provisions of the Investment Management Agreement, IIML is empowered to

• Take all decisions in relation to the management and administration of IndiGrid’s assets and the investments of IndiGrid
• Oversee the activities of the Project Manager in terms of the InvIT Regulations and applicable Law
• Issue and allot units, accept subscriptions to Units of IndiGrid and issue, transfer units to Unitholders or such other persons and undertake all related activities
• Focussed teams engaged in asset management, M&A, capital raising, compliance, engineering and finance & accounting

As on March 31, 2021, unitholders approval for change in control of the Investment Manager of IndiGrid is already in place. KKR currently owns 74% stake in IIML.