# 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.

- Type: Acquisition
- Announced: 2022-02-19
- Where: India
- Status: announced
- Products: engineering, procurement and construction services

## Companies

- [Kalpataru Power Transmission](https://endata.com/companies/30967.md) (acquirer)
- [JMC Projects](https://endata.com/companies/61146.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/news/kalpataru-power-to-merge-its-subsidiary-jmc-projects-with-itself/article65065387.ece), 2022-02-19: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.