KPTL arm acquires 51% stake in Fasttel

PTI New Delhi | Updated on April 08, 2021

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."

Published on April 08, 2021

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