KPIL completes full divestment of Kohima-Mariani Transmission stake to Apraava
KPIL · price
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Kalpataru Projects International has completed the sale of its remaining about 26 percent stake in Kohima-Mariani Transmission Limited (KMTL) to Apraava Energy Private Limited on 24 June 2026. The company had earlier sold about 48 percent of KMTL to Apraava in 2019 under definitive agreements. With this final transfer, KPIL has fully exited KMTL, handing over its entire equity holding in the transmission arm to the buyer.
Full exit from KMTL brings in final tranche of sale proceeds and frees up capital for the core EPC business. Mildly positive for shareholders.