Techno Electric & Engineering Company sells its stake in JV to CLP India
The Company's equity holding in KMTL is 26% and balance 74% equity is held by Kalpataru Power Transmission (KPTL).
The consideration for the transaction is based on Estimated Enterprise value of Rs. 1800 crore subject to customary adjustments on the closing date.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content