Investor Presentaiton

VRET Transaction Update Update . • June '23: Received unitholders' approval for the VRET acquisition¹ July '23: Received SEBI approval for the acquisition; transaction closure process underway August '23: Targeting closure in last week of August Transaction IndiGrid IndiGrid has signed definitive agreements to acquire VRET along with its IM and PM, at a value of 40 billion, subject to closing adjustments 2 India's first and only renewable energy InvIT with an AUM of ~41 billion, comprising 16 operational solar projects through 14 SPVs Sponsored by KKR, AAA-rated and has a strong institutional framework comprising of marquee unitholders such as AIMCO, Utilico, L&T and others Assets have ~7 years of operational history and ~18 years of average remaining tenure Capacity 17,550 MVA ~5x 17,550 MVA AUM² % Share of Solar 3% 17% 676 MWP ~269 Bn ~229 Bn 8,468 ckms 138 MWp 8,468 ckms IndiGrid pre-VRET acquisition IndiGrid post-VRET acquisition pre-VRET acquisition post-VRET acquisition Projects 17 Projects 33 Projects pre-VRET acquisition post-VRET acquisition 1) KKR representatives refrained from voting for the acquisition approval 2) Indicative AUM post-VRET acquisition Employees ~285 ~385 pre-VRET acquisition post-VRET acquisition *IM: Investment Manager; PM: Project Manager 8

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