KPTL arm acquires 51 pc stake in Fasttel

Kalpataru Power Transmission (KPTL) on Thursday said that its arm Kalpataru Power Do Brasil Participacoes, Brazil, has completed the acquisition of 51 per cent stake in Fasttel along with management control on April 7, 2021.

Earlier in February KPTL had informed BSE the indicative time period for closing of the acquisition of Fasttel Engenharia, a Brazilian EPC Company (Fasttel), headquartered in City of Curitiba, State of Paraná, Brazil, in first quarter of FY 2021-22.

In a BSE filing on Thursday, KPTL said, ''Kalpataru Power Do Brasil Participacoes Ltda., Brazil, wholly owned subsidiary of the Company, has completed the acquisition of 51 per cent stake in Fasttel along with management control on 7th April, 2021.'' PTI KKS ANS ANS