Kalpataru Power Transmission have managed to raise Rs. 450 crore ($100 million) through the issue of 4 million equity shares at Rs. 1,075 ($ 24) each share. The Gandhinagar-based company is one of the global leaders of turnkey projects for transmission lines up to 800 KV, with presence in real estate, civil contracting, international trading and consumer goods and services sectors. 

Executive Director of Kalpataru, Manish Mohnot confirmed to media persons that they intend to utilise the proceeds to create additional growth opportunities for the group. AZB & Partners’ Mumbai offices led by capital markets Partner Shameek Chaudhuri led the team in advising the company.

The Global coordinators and book runners were advised on domestic law by Luthra & Luthra's Mumbai offices led by Partner, Manan Lahoty while they were advised on international law by Clifford Chance's Singapore offices.  

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