The Hindu Business Line : Kalpataru Power raises Rs 347 cr

Kalpataru Power Transmission Ltd (KPTL) has raised Rs 347.2 crore through the Qualified Institutions Placement (QIP) route. The issue price of Rs 727 per share is well above the floor price calculated in accordance with the SEBI guidelines, said a company press release.

Kotak Investment Banking acted as the global co-ordinator and book-runner for the issue. "We are extremely happy that large institutional investors have appreciated our inherent strengths and reposed faith in our company. Their positive response reflects the confidence that global investors have in our integrated business model," said Mr Ajay Munot, Executive Director, KPTL.

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