Simplex Infrastructures executes share purchase agreement to sell entire stake in RSTCPL
1st Aug 2022

Simplex Infrastructures has executed a Share Purchase agreement on July 30, 2022 with inter alia India Grid Trust (the purchaser), for sale of Company’s entire shareholding in Raichur Sholapur Transmission Company (RSTCPL). RSTCPL is an ‘Associate’ of the Company.

The proposed sale of shares of RSTCPL to India Grid Trust is subject to applicable regulatory and other approvals and certain conditions, more specifically laid down in the Share Purchase agreement. RSTCPL is an associate of Simplex Infrastructures and not a unit or division of the listed entity. The company holds 33.33% equity stake in RSTCPL.

Simplex Infrastructures is a diversified company established in 1924 and executing projects in several sectors like Transport, Energy & Power, Mining, Buildings, Marine, Real Estate etc.