KPIL's subsidiary LMG lists on Nasdaq Stockholm via share offering
KPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and 0.6 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kalpataru Projects' step-down subsidiary Linjemontage i Grästorp AB (LMG) began trading on Nasdaq Stockholm on 25 Sept 2026. The offer for sale comprises up to 1.64 crore shares at SEK 46 each, about 32.1% of LMG. Kalpataru Power Transmission Sweden (KPTS) is the main seller, reducing its stake in LMG from 96.12% to 65.93%. Gross proceeds to KPTS are around SEK 711 million before expenses.
Around SEK 711 million inflow to KPTS, KPIL's wholly-owned subsidiary. KPIL retains 65.93% in LMG. Positive as it monetises a valuable overseas asset.