Kalpataru Power Transmission (KPTL) will seek shareholders’ nod to issue securities for up to Rs 300 crore on a private placement basis. The company proposes to make an offer of or invite subscription to secured/unsecured redeemable non-convertible debentures in one or more series/tranches. The approval for issuing NCDs will be sought from shareholders at the annual general meeting to be held on September 29.
Kalpataru Power Transmission is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission and distribution, oil and gas pipeline, infrastructure development, civil contracting and warehousing and logistics business with a strong international presence in power transmission and distribution.
