Kalpataru Power Transmission (KPTL) has received approval from its board for allotment of 12.54 lakh equity shares worth Rs 64.65 crore to Tano India Private Equity Fund II under a deal to acquire full stake in warehousing firm Shree Shubham Logistics. The company already had 80.06 per cent stake in Shree Shubham. After the transaction, Shree Shubham will become a 100 per cent subsidiary of the company.
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.
