Kalpataru Projects: LMG IPO Over-allotment Option Exercised

Kalpataru Projects International Ltd (KPIL) announced the exercise of the over-allotment/green shoe option for its subsidiary Linjemontage i Grastorp AB (LMG). A total of 1,877,911 shares were exercised, with the remaining 268,832 shares returned to KPIL's wholly-owned subsidiary, Kalpataru Power Transmission Sweden AB (KPTS). Following this, KPTS's shareholding in LMG stands at 66.45%, comprising 34,042,919 shares. The stabilization period for LMG's IPO on Nasdaq Stockholm has concluded.