Bollywood Stars, Cricketers Invest In Karamtara Engg’s pre-IPO round

New Delhi: Bollywood actors Ranbir Kapoor and Aamir Khan, as well as cricket players Rohit Sharma and Jasprit Bumrah, have invested in power transmission firm Karamtara Engineering’s pre-IPO round.

Karamtara Engineering is a backwards-integrated manufacturer of products for the renewable energy and transmission lines sectors. It offers a diverse product portfolio, which enables it to serve as a one-stop shop for solar structures (fixed-tilt and trackers). The company offers lattice structures for transmission lines, fasteners for solar, wind, transmission and industrial sectors, and overhead transmission line hardware fittings and accessories. As part of the transaction, the company’s promoters, Tanveer Singh and Rajiv Singh, have transferred an aggregate of 34,09,724 equity shares at Rs310 apiece for an aggregating amount of Rs106 crore, by way of a secondary sale, according to a public announcement.

Of these shares, Kapoor has bought 1,61,300 shares worth Rs5 crore, Khan picked up 1,29,050 shares to the tune of Rs 4 crore, and Karan Johar purchased 4.85 lakh shares for Rs 1.5 crore.