Kalpataru Power Transmission Limited (KPTL) will raise funds by issuing secured/unsecured redeemable non-convertible debentures (NCDs) upto ₹300 crore in one or more tranches.
Further, the KPTL board has proposed to buy back shares worth up to ₹200 crore at a price not exceeding ₹275 per share. At the maximum buyback price and size, the indicative number of equity shares to be bought back would be about 72,72,727, which is about 4.7 per cent of the total number of paid-up equity shares of the company, it said. KPTL shares were trading at ₹195.3, or 1.56 per cent up even as it reported disappointing Q4 numbers.
