Kalpataru Projects shares rise over 2% despite market sell-off | Here's what's in focus
New Delhi, Sept. 28 -- Kalpataru Projects International share price jumped 2.5% on Monday, 28 September, amid focus on the company's recent order win and the listing of its Sweden-based arm, Linjemontage i Grastorp AB (LMG), on Nasdaq Stockholm.
Kalpataru Projects International (KPIL) said on Friday that LMG, its step-down subsidiary, made its debut on Nasdaq Stockholm. With the listing, KPIL became the first Indian company to list its foreign subsidiary on Nasdaq Stockholm, according to the company.
LMG's IPO was priced at SEK 46 per equity share, giving the company a valuation of around SEK 2,357 million (approximately Rs.2,282 crore), according PTI report.
Following the listing, KPIL, through its wholly owned subsidiary Kalpataru Po...
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