Keppel completed the acquisition of 49% stake in Kapstone Constructions.

Keppel, through wholly-owned subsidiary Lipalto, completed the acquisition of 49% stake in Kapstone Constructions. Financial terms were not disclosed. Kapstone is Lipalton's joint venture with Indian developer Rustomjee Group, to develop the 51.4 hectare Urbania integrated township in the Thane district of Mumbai.