Corporate Announcement
Security Code : 522287    Company : KALPATPOWR    
 
Withdrawal of the draft red herring prospectus filed by Shree Shubham Logistics Limited 
  Exchange Disseminated Time     02/12/2015 17:45:24
Kalpataru Power Transmission Ltd has informed BSE that Shree Shubnam Logistics Limited ("SSL"), a subsidiary of Kalpataru Power Transmission Ltd., had filed a draft red herring-prospectus dated February 19, 2015 (“DRHP”) with Securities and Exchange Board of India (“SEBI”) in connection with its proposed initial public offering of equity shares of Rs. 10 each (“Equity Shares”) comprising a fresh issue of Equity Shares, aggregating upto Rs. 2,100 million (the “Fresh Issue"), and an offer for sale of upto 7,007,876 Equity Shares by Tano India Private Equity Fund II (the “Offer for Sale” and together with the Fresh Issue, the “Offer”). The Offer included a reservation of 100,000 Equity Shares for eligible employees, as defined in the DRHP.

On December 02, 2015, the board of directors of SSL has decided to withdraw the DRHP filed with Securities & Exchange Board of India and has also intimated the same through its book running lead managers to SEBI, BSE Limited and National Stock Exchange of India Ltd.
 

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