Kalpataru buys back shares worth ₹142.68 crore

Kalpataru Power Transmission Ltd on Friday said it has bought back 58.06 lakh equity shares for ₹142.68 crore. “The company has bought back 58,06,262 equity shares at an average price of ₹245.75 per equity share,” according to a BSE filing.

The company has deployed ₹142,68,70,928.45, which represents 71.34 per cent of the maximum buyback size, KPTL said.

The company had announced to buy back its equity shares from the open market through the stock exchange mechanism, for an aggregate amount not exceeding ₹200 crore.

The buyback committee has approved the closure of the buyback pursuant to the terms of the public announcement, with effect from the close of trading hours of November 27, it added.