Kalpataru Power Transmission Limited (KPTL) on Tuesday said it has successfully completed sale of its entire stake in Kalpataru Satpura Transco Private Limited (KSTPL) to CLP India Private Limited.
CLP India is owned by CLP Group, one of the largest investor-owned power businesses in Asia, and Caisse de dpt et placement du Qubec (CDPQ), one of Canada's leading institutional fund managers.
The company, however, did not disclose the financial details of the transaction.
In a filing to the BSE on Tuesday, the company said "the company has successfully completed sale of its entire 100 per cent stake in KSTPL to CLP. Consequently, KSTPL ceased to be a subsidiary of the company with effect from November 20, 2019.
The filing further added that KPTL has "received full consideration towards sale of its stake in KSTPL to CLP in November 2019."
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