Joint Ventures27 March 2026 at 01:51 pm
PNC Infratech Ltd Completes Transfer of All Identified Special Purpose Vehicles to Vertis Infrastructure Trust
AI Summary
PNC Infratech Limited, along with its Wholly Owned Subsidiary, PNC Infra Holdings Limited, has transferred their entire stake in PNC Challakere (Karnataka) Highways Private Limited to Vertis Infrastructure Trust. This marks the completion of the transfer of all twelve identified Special Purpose Vehicles pursuant to the Share Purchase Agreement dated January 15, 2024. The transaction was concluded at an Enterprise Value of Rs. 683.84 crore, which includes Rs. 80.48 crore received towards Equity and Rs. 13494 crore received towards Unsecured Loans.
Key Highlights
- PNC Infratech Ltd and PNC Infra Holdings Limited have transferred their entire stake in PNC Challakere (Karnataka) Highways Private Limited to Vertis Infrastructure Trust.
- This transfer marks the completion of the transfer of all twelve identified Special Purpose Vehicles.
- The transaction was concluded at an Enterprise Value of Rs. 683.84 crore.
- The transfer includes Rs. 80.48 crore received towards Equity and Rs. 13494 crore received towards Unsecured Loans.
- Vertis Infrastructure Trust does not belong to the promoter/promoter group/group companies.
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