Kalpataru Power Transmission Limited (BSE:522287) announces a share repurchase program. Under the program, the company will repurchase up to INR 2,000 million worth of its shares. The repurchase price will not exceed INR 275 per share. The purpose of the program is to return surplus cash to improve return on equity and earnings per share leading to long term increase in the members' value. The program will be funded out of the company's free reserves and such other sources as may be permitted by law. The program will expire earlier of November 30, 2020, or when the company completes the buyback or at such earlier date as the Board may decide. As of May 15, 2020, the company had 154,715,470 shares in outstanding.