Kalpataru Power Transmission has completed acquisition of additional 8.54% equity shares and 14.99% preference shares of Shree Shubham Logistics (SSLL), a 71.52% subsidiary of the Company from existing shareholders of SSLL.
The equity stake of the company in its subsidiary has increased from 71.52% to 80.06% and Preference Stake increased from 85.01% to 100% enabling enhanced control in the operating of SSLL by the Company. Earlier, the executive Committee of Board of Directors of the Company at its meeting held on March 11, 2019 had approved the same.
Kalpataru Power Transmission is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.
