KPTL To Sell Stake In Three Power Transmission Assets
Kalpataru Power Transmission Ltd (KPTL) had announced that it has entered into binding agreements with CLP India Private Limited to sell its stake in 3 (Three)power transmission assets namely, Kalpataru Satpura Transco Private Limited (KSTPL), AlipurduarTransmission Limited (ATL) and Kohima Mariani Transmission Limited (KMTL) (referred jointly as SPVs), for an estimated enterprise value of Rs. 3,275 Crores. The transaction is subject to requisite approvals and compliances.
As a part of this deal, the transaction for ATL and KMTL will be effective post-Commercial Operation Date (COD) and fulfilment of certain conditions. Techno Electric & Engineering Company Limited(Techno) owns 26% stake in KMTL.
The estimated amount of debt at the SPVs levels would be approximately Rs. 2,000 Crores at the time of COD.