{
  "id": 9749483,
  "title": "Kalpataru Projects Int'l lists subsidiary on Sweden's Nasdaq Stockholm",
  "url": "https://urgent.news/2026/09/25/kalpataru-projects-intl-lists-subsidiary-on-swedens-nasdaq-stockholm",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T10:09:10.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/kalpataru-projects-intl-lists-subsidiary-on-swedens-nasdaq-stockholm/article71508066.ece"
  },
  "original_language": "en",
  "account": "Kalpataru Projects International, a diversified engineering and construction firm based in India, announced on Friday that its subsidiary, Linjemontage i Grastorp AB (LMG), has successfully listed on Sweden's Nasdaq Stockholm. This marks a significant milestone as KPIL becomes the first Indian company to list a foreign subsidiary on the Nasdaq Stockholm exchange. The initial public offering (IPO) for LMG was priced at SEK 46 per equity share, reflecting a valuation of SEK 2,357 million (~₹2,282 crore), according to KPIL's exchange filing.\n\nFollowing the listing, KPIL maintains a stake of approximately 65.9% in LMG through its wholly-owned subsidiary, Kalpataru Power Transmission Sweden AB (KPTS). KPTS is expected to receive a gross consideration of SEK 711.5 million, accounting for issuance expenses, customary adjustments, and set-offs. Manish Mohnot, KPIL's Managing Director and Chief Executive Officer, expressed his satisfaction with the IPO, stating that it confirms LMG's leading position as a prominent EPC provider in Sweden's power infrastructure sector. He further added that the listing signifies a crucial step for KPIL's shareholders as they transition to an independent publicly listed entity, with LMG looking forward to supporting its continued growth.",
  "summary": "With this, KPIL becomes the first Indian company to list its foreign subsidiary Linjemontage on Nasdaq Stockholm",
  "key_points": [
    "Linjemontage i Grastorp AB (LMG) listed on Nasdaq Stockholm",
    "KPIL becomes first Indian firm to list foreign subsidiary",
    "KPTS to receive SEK 711.5 million from IPO"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}