Kalpataru Power Transmission Limited completes stake sale in Alipurduar Transmission Limited

Kalpataru Power Transmission Limited had earlier announced about entering into definitive agreement on 5th July, 2020 by the Company with Adani Transmission Limited to sell its stake in Alipurduar Transmission Limited ("ATL"), subject to receipt of requisite approvals and compliance of conditions precedent.

On 26th November, 2020, the parties have completed the sale and transfer of ~49% of the total equity shares of ATL with an agreement to sale balance 51 % after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement.

Shares of KALPATARU POWER TRANSMISSION LTD. was last trading in BSE at Rs.316.2 as compared to the previous close of Rs. 312.35. The total number of shares traded during the day was 34553 in over 1325 trades.

The stock hit an intraday high of Rs. 324 and intraday low of 313. The net turnover during the day was Rs. 10982747.

Source : Equity Bulls

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