Kalpataru Power Transmission Ltd arm completes acquisition of Fasttel Engenharia Ltda, a Brazilian EPC Company

Kalpataru Power Transmission Ltd had earlier announced the indicative time period for closing of the acquisition of Fasttel Engenharia Ltda, a Brazilian EPC Company ("Fasttel"), headquartered in City of Curitiba, State of Paraná, Brazil, as first quarter of FY 2021-22.

Kalpataru Power Do Brasil Participacoes Ltda., Brazil, wholly owned subsidiary of the Company, has completed the acquisition of 51% stake in Fasttel along with management control on 7th April, 2021.

Shares of KALPATARU POWER TRANSMISSION LTD. was last trading in BSE at Rs.374.6 as compared to the previous close of Rs. 377.6. The total number of shares traded during the day was 4449 in over 270 trades.

The stock hit an intraday high of Rs. 378.7 and intraday low of 371.8. The net turnover during the day was Rs. 1667616.

Source : Equity Bulls

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