KPTL to sell stake in 3 assets to CLP India for Rs 3,275 crore

Kalpataru Power Transmission (KPTL) Wednesday said it has entered into binding agreements with Canada’s institutional fund manager CDPQ’s arm CLP India to sell its stake in 3 power transmission assets for an estimated enterprise value of Rs 3,275 crore.

The company is selling stake in Kalpataru Satpura Transco Pvt Ltd (KSTPL), Alipurduar Transmission Ltd (ATL) and Kohima Mariani Transmission Ltd (KMTL) (referred jointly as SPVs), Kalpataru Power Transmission said in a BSE filing.