KPTL to allot 12.54 lakh shares to Tano for buying out Shree Shubham

13 Aug 2019

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.

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