{"id":389049,"date":"2020-12-11T08:36:50","date_gmt":"2020-12-11T03:06:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=389049"},"modified":"2020-12-11T09:13:10","modified_gmt":"2020-12-11T03:43:10","slug":"kalpataru-power-drops-plan-for-new-mumbai-office-cites-investor-feedback","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kalpataru-power-drops-plan-for-new-mumbai-office-cites-investor-feedback\/","title":{"rendered":"Kalpataru Power drops plan for new Mumbai office, cites &#8216;investor feedback&#8217;"},"content":{"rendered":"<p>Kalpataru Power Transmission (KPTL) said on Thursday it has dropped its plan to construct a new office in Santacruz, Mumbai, after analysts flagged concerns about related party transactions and capital misallocation. <\/p>\n<p>KPTL said it has decided to keep the proposal of construction of a corporate office in abeyance. \u201cSince the disclosure was made on December 08, 2020, the company has received certain observations and feedback from investors and on a reconsideration, the management has further reviewed the matter and decided to keep the proposal of construction of corporate office in abeyance,\u201d the company said in a statement. In its December 8 disclosure, KPTL had said the plans for the new office involved purchasing land for Rs 207 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kalpataru Power Transmission (KPTL) said on Thursday it has dropped its plan to construct a new office in Santacruz, Mumbai, after analysts flagged concerns about related party transactions and capital misallocation. KPTL said it has decided to keep the proposal of construction of a corporate office in abeyance. \u201cSince the disclosure was made on December 08, 2020, the company has received certain observations and feedback from investors and on a reconsideration, the management has further reviewed the matter and decided to keep the proposal of construction of corporate office in abeyance,\u201d the company said in a statement. In its December [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-389049","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=389049"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389049\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=389049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=389049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=389049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}