The sale of balance shares held by KPTL and Techno is expected to be completed shortly.
In May this year, KPTL had announced execution of share purchase agreement (SPA) to sell its entire stake in JKTPL to India Grid Trust (IndiGrid) for a total Enterprise Value (EV) of JKTPL at about Rs 310 crore, subject to certain adjustments on account of assets and liabilities at the time of closing of the transaction.
The JKTPL holds the first power transmission project secured by KPTL and TEECL on DBFOT (Design-Build-Finance-Operate-Transfer) basis. The project comprises of three 400 kV power transmission lines and two 400 kV and sub-stations in Haryana.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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