KPTL sells another 25 per cent stake in Alipurduar Transmission to Adani Transmission

Adani Transmission Limited (ATL) has acquired the second tranche of 25 per cent stake in Alipurduar Transmission Limited from EPC major Kalpat­aru Power Transmission Limited (KPTL), with an agreement to acquire the balance 26 per cent after obtaining requisite approvals. In the current deal, KPTL has transferred about 74 per cent of the total equity shares of Alipurduar Transmission, with an agreement to sell the balance 26 per cent to ATL, after obtaining requisite regulatory and other approvals.