CLP India has entered into an agreement to buy three power-transmission assets from Kalpataru Power Transmission, for Rs 3,275 crore, the two companies announced on Wednesday.
CLP will purchase equity stake in three Special Purpose Vehicles, which own the three transmission assets. Completion of the deal is linked to milestones, including achieving the commercial operation date for some of these.
The three assets comprise Kalpataru Satpura Transco in Madhya Pradesh, Alipurduar Transmission in Bihar and West Bengal, and Kohima Mariani Transmission, part of the Manipur-Nagaland-Assam stretch.
