Kalpataru Power Transmission Ltd has entered into definitive agreements to sell its stake in its three subsidiaries to CLP India Private Limited, subject to receipt of relevant approvals and completion of conditions precedent. The Company has completed the sale of its entire stake in one of the subsidiary viz. Kalpataru Satpura Transco Private Limited today on 20th November, 2019 after obtaining the requisite regulatory and other approvals and compliance with condition precedents. Consequently Kalpataru Satpura Transco Private Limited ceased to be the subsidiary of the Company effective today.
Shares of KALPATARU POWER TRANSMISSION LTD. was last trading in BSE at Rs.450.15 as compared to the previous close of Rs. 439.85. The total number of shares traded during the day was 10016 in over 754 trades.
The stock hit an intraday high of Rs. 468 and intraday low of 438.4. The net turnover during the day was Rs. 4541316.