Kalpataru Power to raise Rs 348cr

The executive committee of directors of Kalpataru Power Transmission, which met yesterday, has decided to issue and allot 47,77,000 equity shares of Rs 10 each at a premium of Rs 717 per share under Chapter III - A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.

This was announced in a release issued by the company to the BSE today.