Indus Infra Trust Acquires ULCCS Kasaragod Expressway for ₹1,665.43 Cr

Indus Infra Trust, through its Investment Manager GR Highways Investment Manager Private Limited, has approved the acquisition of 100% equity shareholding of ULCCS Kasaragod Expressway Private Limited (UKEPL) for a bid project cost of Rs. 1,665.43 Crore. The acquisition, which is in line with the Trust's investment strategy and expected to be yield accretive, involves a 39 km, 6-lane hybrid annuity mode highway in Kerala. The transaction is not a related party transaction and is expected to be completed by September 30, 2026, with necessary approvals from the National Highways Authority of India already in place.