Following the sale of shares, the promoter group's holding in KPTL will be 54.38 per cent. "The promoter group will continue to maintain a majority stake in KPTL and do not plan to sell any further shares in foreseeable future," said the statement.
On July 3, the company announced entering into binding agreements with CLP India to sell its stake in three power transmission assets for an estimated enterprise value of Rs 3,275 crore.
The assets offloaded were Kalpataru Satpura Transco, Alipurduar Transmission and Kohima Mariani Transmission.
KPTL is one of the largest engineering, procurement and construction companies in the country with interests in power transmission and distribution, oil and gas pipeline, railways, infrastructure development, civil contracting, warehousing and logistics business.