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What is the story about?
KNR Constructions Limited
on Thursday said it has executed share purchase agreements with Indus Infra Trust for the proposed sale of its 100% shareholding, including sub-debt, in four road special purpose vehicles.
The SPAs were signed on December 24, 2025 and relate to KNR Palani Infra, KNR Ramagiri Infra, KNR Guruvayur Infra and KNR Ramanattukara Infra.
Under the transaction, KNR Constructions is expected to receive a total of ₹1,543.19 crore, comprising ₹1,398.65 crore as sale consideration and ₹144.54 crore towards estimated cash surplus to be upstreamed to the company in an agreed manner. The company said it has invested ₹566.83 crore in equity and sub-debt across these SPVs.
The divestment is subject to regulatory, authority and lender approvals, as well as share transfer restrictions under the respective concession agreements with the National Highways Authority of India.
The transaction is expected to be completed on or before September 30, 2026. Indus Infra Trust is a publicly listed infrastructure investment trust and is not part of the promoter group, the company said.
Shares of KNR Constructions Ltd ended at ₹172.49 on Wednesday, up 7.99% on the National Stock Exchange.
The SPAs were signed on December 24, 2025 and relate to KNR Palani Infra, KNR Ramagiri Infra, KNR Guruvayur Infra and KNR Ramanattukara Infra.
Under the transaction, KNR Constructions is expected to receive a total of ₹1,543.19 crore, comprising ₹1,398.65 crore as sale consideration and ₹144.54 crore towards estimated cash surplus to be upstreamed to the company in an agreed manner. The company said it has invested ₹566.83 crore in equity and sub-debt across these SPVs.
The divestment is subject to regulatory, authority and lender approvals, as well as share transfer restrictions under the respective concession agreements with the National Highways Authority of India.
The transaction is expected to be completed on or before September 30, 2026. Indus Infra Trust is a publicly listed infrastructure investment trust and is not part of the promoter group, the company said.
Shares of KNR Constructions Ltd ended at ₹172.49 on Wednesday, up 7.99% on the National Stock Exchange.
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