Kalpataru Power Transmission (KPTL) on Thursday said that its arm Kalpataru Power Do Brasil Participacoes, Brazil, has completed the acquisition of a 51 per cent stake in Fasttel along with management control on April 7, 2021.
Earlier in February, KPTL had informed BSE of the indicative time for closing the acquisition of Fasttel Engenharia, a Brazilian EPC Company (Fasttel), headquartered in the City of Curitiba, State of Paraná, Brazil, in the first quarter of FY 2021-22.
In a BSE filing on Thursday, KPTL said, "Kalpataru Power Do Brasil Participacoes Ltda., Brazil, wholly-owned subsidiary of the company, has completed the acquisition of 51 per cent stake in Fasttel along with management control on 7th April, 2021."
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.