{"id":80761,"date":"2023-01-02T12:27:00","date_gmt":"2023-01-02T06:57:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80761"},"modified":"2023-01-02T13:02:08","modified_gmt":"2023-01-02T07:32:08","slug":"energy-stock-hits-52-week-high-after-the-company-sets-record-date-for-merger","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/energy-stock-hits-52-week-high-after-the-company-sets-record-date-for-merger\/","title":{"rendered":"Energy stock hits 52 week high after the company sets record date for merger"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2110646928\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Kalpataru Power Transmission (KPTL) and JMC Projects (JMC) hit their respective 52-week highs on the National Stock Exchange (NSE) after fixing January 11, 2023, as the record date for their merger.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1275659411\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares of KPTL rose 6.01% on Monday\u2019s early trades to reach a fresh 52-week high of \u20b9 592.50 apiece, while JMC rallied 7.57% to reach a 52-week high of \u20b9 147.15 apiece.&nbsp;<\/p><p>The National Company Law Tribunal (NCLT), in its order dated December 21, 2022, had sanctioned the scheme of amalgamation of JMC with KPTL and their respective shareholders.&nbsp;<\/p><p>The merger would lead to the creation of one of India\u2019s largest listed diversified engineering and construction companies, with combined order visibility of nearly \u20b9 43,000 crores. All the shareholders of JMC (other than KPTL) will be allotted one share for every four shares held by them in JMC. The companies said that the merger would accelerate growth and enhance value creation for all stakeholders.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2860877288\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cThe timing of the merger is apt as we are witnessing a strong capex cycle in India and the ongoing global energy transition. The merger will strengthen the combined entity\u2019s presence across all growth sectors with size, scale and productivity benefits,\u201d said Manish Mohnot, the MD and CEO of KPTL.&nbsp;<\/p><p>\u201cWith KPTL\u2019s expertise and global reach, we are well-placed to participate in overseas EPC opportunities, thereby improving our business mix and global presence. All of our businesses are poised for strong growth as we move towards our vision of being a USD 3 billion revenue organisation by 2025,\u201d said Shailendra Kumar Tripathi, the MD and CEO of JMC.&nbsp;<\/p><p>Kalpataru Power Transmission Ltd is a global EPC player with diversified interests in power transmission and distribution, railways and biomass-based power generation and oil and gas pipelines. It is a mid-cap company with a market capitalisation of 8,323 crores.&nbsp;<\/p><p>JMC Projects (India) Ltd is a construction company under the Kalpataru Group. It is primarily engaged in EPC and BOOT projects. The company has constructed landmark highways, flyovers, townships, hospitals, industrial units, and power plants across the country. It is a small-cap company with a market capitalisation of \u20b9 2,297 crores.&nbsp;<\/p><p><strong>Written by Simran Bafna<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-885943547\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Kalpataru Power Transmission (KPTL) and JMC Projects (JMC) hit their respective 52-week highs on the National Stock Exchange (NSE) after fixing January 11, 2023, as the record date for their merger.\u00a0 The shares of KPTL rose 6.01% on Monday\u2019s early trades to reach a fresh 52-week high of \u20b9 592.50 apiece, while [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-80761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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