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Kalpataru Power to merge subsidiary JMC Projects into itself · Endata

◂ Announcements

Feb 19, 2022ACQUISITIONIndia

Kalpataru Power to merge subsidiary JMC Projects into itself

Kalpataru Power Transmission Ltd (KPTL) will merge its listed subsidiary JMC Projects (India) into itself in an all-share swap deal. The merger is expected to be completed by March 2023, creating one of the largest EPC companies in India.

Status

Announced

Productsengineering, procurement and construction services

CompaniesKalpataru Power Transmission acquirer JMC Projects target

“By bringing together these two companies through merger, we are creating a strong platform to accelerate future growth, improve our competitive position and bring significant operational efficiencies.”thehindubusinessline.com

1 source
thehindubusinessline.comKalpataru Power to merge its subsidiary JMC Projects with itself - The HinduBusinessLineBL Mumbai BureauFeb 19, 2022

Summarized from public sources; check the original articles before acting on it.

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