Linjemontage Service Nordic AB, a wholly-owned step-down subsidiary, is merging with its parent company, Linjemontage i Grästorp Aktiebolag.

This merger aims to simplify administration and strengthen financial positioning, allowing for greater project opportunities.

LMG Service reported gross revenues of approximately INR 184.99 Cr and a net worth of INR 29.11 Cr for FY 2023-24, while LMG AB had revenues of INR 849.22 Cr and a net worth of INR 139.51 Cr.

There will be no cash consideration or change in shareholding patterns for Kalpataru Projects International Limited.