New Delhi: Kalpataru Power Transmission Ltd (KPTL) on Friday said its wholly owned subsidiary in Brazil has signed a definitive agreement to acquire 51 per cent stake in Fasttel Engenharia Ltd in the South American country, for USD 8.80 million (over Rs 64 crore).

— The Economic Times

Bharucha & Partners advised Kalpataru Power Transmission Limited led by a team of partner Alka Bharucha, senior associate Neekesh Shetty, and associate Johann Valladares.

Brazil-based firm CGM Advogados acted as local counsel to Kalpataru Power Transmission Limited with respect to the transaction.

2021-02-01

Deal value: Approximately USD 8.8 million.

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