Shares of Kalpataru Projects International traded higher on Thursday after the company announced that it is close to completing the sale of its entire stake in Vindhyachal Expressway Private Limited as part of its asset monetisation strategy.
Kalpataru Projects International informed exchanges that it is nearing closure of the transaction involving the complete divestment of its stake in Vindhyachal Expressway Private Limited to Actis Atlantic Holdings. The deal value of the expressway project is estimated at around Rs 775 crore, according to market tracking.
The transaction marks a full exit from the Vindhyachal Expressway project, with ownership set to transfer entirely to Actis Atlantic Holdings once the deal is completed. Vindhyachal Expressway Private Limited is one of the infrastructure assets previously held in Kalpataru’s portfolio.
The divestment is part of Kalpataru Projects International’s broader strategy to optimise its asset base, unlock value from operational road assets and redeploy capital into its core engineering, procurement and construction (EPC) businesses.
Following the update, Kalpataru shares were trading at Rs 369.80, up 1.72%, or Rs 6.25, on the NSE in early trade on January 8.
The completion of the transaction is expected to strengthen Kalpataru’s balance sheet and provide additional financial flexibility for future infrastructure and EPC projects.
