KEC International, the infrastructure company of RPG Enterprises, on Monday announced share swap ratios for the shareholders of RPG Transmission (RGPT) and National Information Technologies (NITEL), consequent to its decision to merge RPGT and NITEL with KEC.

Accordingly, RGPT shareholders will get 4 shares of KEC for every 9 shares and NITEL shareholders will get 2 shares of KEC for every 15 shares. The share swap ratio was announced after the boards of these three companies approved the mergers.

KEC International’s MD Ramesh D Chandak said the merger scheme also proposed spinning of the investment division of KEC into a separate entity. “Merger would create the largest transmission tower manufacturing company in the world with a capacity of 1,40,000 metric tonnes per year,” said Chandak.  The combined entity will have a turnover of Rs 2,538 cr with  a combined order book of Rs 5,000 crore, he added.