Kalpataru Projects International Sells Vindhyachal Expressway Stake to Actis for Rs 775 Crore

Kalpataru Projects International has sold its entire 100 percent stake in Vindhyachal Expressway Private Limited to Actis for Rs 775 crore. Vindhyachal Expressway is a special purpose vehicle formed for a four-laning road project connecting Rewa and Hanumana on NH-7, under a concession from Madhya Pradesh Road Development Corporation. The sale aligns with Kalpataru's strategy to optimize value from non-core assets, following previous divestments of transmission assets, according to the company's CEO Manish Mohnot.