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

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