Kalpataru Projects International Merger & Restructuring Worth ₹583.4 Cr
Kalpataru Projects' subsidiary Linjemontage successfully listed on Nasdaq Stockholm. The IPO grossed approximately SEK 711.5 million (₹583.43 Crore) for the selling shareholder.
Kalpataru Projects International Merger & Restructuring Worth ₹688.3 Cr
Kalpataru Projects International completed the IPO and listing of its Swedish subsidiary, Linjemontage I Grästorp AB, on Nasdaq Stockholm. The company realized approximately ₹688.30 Crore from the stake sale.
Kalpataru Projects International Other Announcement
Kalpataru Projects International's subsidiary, Linjemontage I Grästorp AB, has commenced trading on Nasdaq Stockholm following a successful IPO. The offering of 14,311,620 existing shares was oversubscribed.
Kalpataru Projects International Legal & Regulatory
Kalpataru Projects announced that the Additional Commissioner (Appeal) upheld the GST order, confirming a tax, interest, and penalty demand totaling ₹3.05 Crore. The company will appeal further.
Kalpataru Projects International Bags ₹2,025 Cr Order
Kalpataru Projects International Ltd secured new orders worth ₹2,025 Crore in its T&D, B&F, and Oil & Gas businesses. These wins strengthen the company's current order book.
Kalpataru Projects International Other Announcement
Kalpataru Projects International disclosed an ESG rating of 62 from Niche Ninety Nine Capability and Certifications. The rating was assigned independently without company engagement.
Kalpataru Projects International announced that its subsidiary, LMG, received prospectus approval for an IPO on Nasdaq Stockholm, with Kalpataru participating as a selling shareholder.
Kalpataru Projects International Merger & Restructuring
KPIL's subsidiary KPTS approved LMG's IPO on Nasdaq Stockholm at a valuation of ~₹2,324 Cr. Sale consideration is TBD; LMG remains a step-down subsidiary.
KPIL discloses IPO of its 96% subsidiary Linjemontage on Nasdaq Stockholm at a post-offering valuation of ~₹2,324 Crore. KPTS will retain a stake with a 360-day lockup.