CLP India Rs32.8 billion acquisition of stakes in Kalpataru Power Transmission's power transmission assets

3/7/2019
Private acquisition, Asset acquisition

Re 32.75 billion

$ 477.006 million

Announced

3/7/2019


Overview:

  • Power generation company CLP India is set to acquire stakes in Kalpataru Satpura Transco, Alipurduar Transmission and Kohima-Mariani Transmission from construction engineering company Kalpataru Power Transmission for Rs32.8 billion.
  • Kalpataru Satpura Transco and Alipurduar Transmission are wholly owned subsidiaries of Kalpataru Power Transmission.
  • Techno Electric & Engineering Company holds a 26% stake in Kohima-Mariani Transmission and will also be selling to CLP as part of the transaction.

Shah Shameer Ahmed - Researcher

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