Kalpataru Projects International has sold its 100% equity stake in its wholly owned subsidiary namely ‘Vindhyachal Expressway’ (VEPL) to Actis Atlantic Holdings (Actis).
Earlier, the definitive agreement(s) were executed on October 09, 2024 to transfer the entire stake in VEPL to Actis, at an agreed enterprise value of around Rs 775 crore (subject to necessary closing adjustments).
Kalpataru Projects International 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.
