KPIL to acquire balance 35% stake in JV Kalpataru IBN Omairah Company
(24 Feb 2026)

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Kalpataru Projects International has on 23 February 2026 (at Kingdom of Saudi Arabia), entered into Share Sale, Exit, and Release Agreement to acquire balance 35% equity stake of Kalpataru IBN Omairah Company (KIOCL) from joint venture partner namely, BIN Omairah Contracting Company. Upon such acquisition, KIOCL will become a wholly owned subsidiary of the Company.

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