PNC Infratech Completes Sale of Equity Stake in PNC Challakere Highways Private Limited

PNC Infratech Limited, along with its wholly owned subsidiary, PNC Infra Holdings Limited, has successfully completed the sale of its equity stake in PNC Challakere (Karnataka) Highways Private Limited, a Hybrid Annuity Mode (HAM) road project, to Vertis Infrastructure Trust (VIT). This transaction marks the conclusion of the final tranche of the strategic divestment initiative announced in January 2024, wherein the Company had entered into definitive agreements with VIT to divest a portfolio of 12 road assets. The transaction was concluded at an Enterprise Value of Rs. 683.84 crore, which includes Rs 80.48 crore received towards Equity and Rs 134.94 crore received towards Unsecured Loans on March 27, 2026. This sale represents a significant milestone in PNC Infratech's asset monetization strategy, enabling it to unlock value from its operational asset portfolio, strengthen its balance sheet, and enhance financial capability for future investment opportunities.