iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Kalpataru Power's Sweden arm completes acquisition of 15% stake in Linjemontage Grastrop; stock jumps ~1%

8 Jul 2022 , 11:14 AM

Kalpataru Power Transmission Limited informed that Kalpataru Power Transmission Sweden AB (KPT Sweden), its Wholly Owned Subsidiary in Sweden has completed the acquisition of the remaining 15% equity stake of Linjemontage i Grastrop AB, a Swedish EPC Company headquartered in Grastrop, Sweden. LMG also has two wholly-owned subsidiaries.

The company completed the acquisition of the balance 15% stake on July 7, 2022.

The estimated consideration for the 15% stake shall be approximately USD 11.5 million (approx. Rs91.13 crore).

The Company will acquire 300 equity shares representing 15% of the share capital of LMG through its WOS KPT Sweden.

LMG, founded on March 22, 1993, is involved in three major business areas: EPC of Substations, Transmission & Distribution Networks, and O&M of Electricity Network Services in the voltage range of 0.4 – 400kV.

LMG (along with its wholly-owned subsidiary) has a presence in Sweden and Norway, with an order book of approximately SEK 1.31 billion (USD 137.88 million).

The acquisition will bolster KPT’s position in the Nordic market. Because they have the oldest grid network, Sweden and Norway are very appealing markets for transmission line infrastructure. KPTL will benefit from increased investments in grid infrastructure and renewable energy in the Nordic markets.

At around 11.17 AM, Kalpataru Power was trading at Rs362.20 up by Rs4.45 or 1.24% from its previous closing of Rs357.75 on the BSE. The scrip opened at Rs360 and has touched intraday high and low of Rs371.45 and Rs359 respectively.

Related Tags

  • KalpataruNewOrder
  • KalpataruPower
  • KalpataruPowerAcquisition
  • KalpataruPowerNews
  • KalpataruPowerStock
  • KalpataruPowerSubsidiary
  • KalpataruPowerSweden
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.