Tano Capital to invest Rs.800 million in Subsidiary of Kalpataru Power Transmission Ltd

Shree Shubham Logistics LImited, a subsidiary of Kalpataru Power Transmission Ltd has signed an agreement with Tano India Private Equity Fund II to raise Rs.80 crore to fund its capacity expansion plan.

Shree Shubham Logistics LImited is one of the leading organized service providers in the agri logistics space. operates on unique combination of owned and managed warehouses.

This fund infusion will support company's capacity expansion plans in the states of Maharashtra, Rajasthan and Madhya Pradesh and other states of the country.

Shares of Kalpataru Power Transmission Ltd was last trading in BSE at Rs.80.40, up by Rs.2.40 or 3.08%. The stock hit an intraday high of Rs.83.40 and intraday low of Rs.79.50.

The total traded quantity was 0.24 lakhs compared to 2 week average of 0.25 lakhs.

Source : Equity Bulls

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