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

3/7/2019

Private acquisition, Asset acquisition

Value:

Re 32.75 billion

Dollar value:

$ 477.006 million

Status:

Announced

Date:

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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