CLP Power India Private Limited entered into definitive agreement to acquire stakes in Kalpataru Satpura Transco and Kohima Mariani Transmission from Kalpataru Power Transmission Limited (BSE:522287) on July 3, 2019. CLP Power India Private Limited will fully acquire Kalpataru Satpura Transco and 74% in Kohima Mariani Transmission. In a related transaction, CLP Power will acquire Alipurduar Transmission Limited from Kalpataru Power. The companies will be sold for a combined enterprise value of INR 32.8 billion, which is subject to customary adjustments on the respective closing dates. As of November 20, 2019, CLP Power India Private Limited completed the acquisition of Kalpataru Satpura Transco from Kalpataru Power Transmission Limited. Kalpataru Satpura Transco Private Limited ceased to be the subsidiary of Kalpataru Power Transmission as of November 20, 2019. As on May 1, 2020, the agreement for acquisition of Alipurduar Transmission was terminated. As on December 20, 2021, CLP Power India Private Limited completed the acquisition of 23% stake in Kohima Mariani Transmission from Kalpataru Power Transmission Limited. Kalpataru Power Transmission transaction would be completed after satisfaction of conditions precedent including obtaining the requisite regulatory and other approvals, as stipulated under the agreement. For the financial year 2018-19, Kalpataru Satpura Transco and Kohima Mariani Transmission had revenue of INR 268 million and net worth of INR 1.8 billion. The transaction is subject to requisite approvals and compliances. As of November 20, 2019, The transaction has received requisite regulatory and other approvals. Proceeds of the transaction to be used for debt reduction and capex for future growth. As of December 20, 2021, The shares were acquired from Kalpataru Power Transmission Ltd (23 per cent equity stake) and Techno Electric and Engineering Company Ltd (26 per cent equity stake). Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor for Kalpataru Power Transmission Limited. Shivanshu Thaplyal, Swathy Ramanath, Abhinav Mishra, Bhagirath Ashiya, Jhinook Roy, Abhinav Rawat, Rahul Pai. Ritu Shaktawat, Rahul Jain, Dinesh Agrawal and Mayank Jain of Khaitan & Co. acted as legal advisor for Kalpataru Power Transmission Limited. Deepto Roy, Dnyanraj Desai, Abhijit Mukherjee, Pranav Nanda, Kranthi Mamidanna and Manushi Desai of Shardul Amarchand Mangaldas & Co acted as legal advisors to CLP Power India Private Limited. CLP Power India Private Limited completed the acquisition of 49% stake in Kalpataru Satpura Transco and Kohima Mariani Transmission from Kalpataru Power Transmission Limited (BSE:522287) on July 3, 2019.