
Divestment30 May 2026, 01:02 pm
KNR Constructions Divests KNR Palani Infra for ₹205.05 Cr
AI Summary
KNR Constructions Ltd has divested its entire equity share capital in its subsidiary, KNR Palani Infra Private Limited (KPIPL), to Indus Infra Trust for a consideration of ₹205.05 Crore. KNR Constructions had invested ₹64.40 crore in KPIPL. Additionally, KPIPL up streamed ₹90.00 Crore of cash surplus to KNR Constructions through this transaction. KPIPL's turnover was ₹86.96 Cr (3.22% of consolidated) and net worth was ₹243.34 Cr (4.89% of consolidated) as of March 31, 2026.
Key Highlights
- KNR Constructions sold KNR Palani Infra to Indus Infra Trust.
- The consideration received by KNR Constructions is ₹205.05 Crore.
- KPIPL up streamed ₹90.00 Crore of cash surplus to KNR Constructions.
- KNR Constructions had invested ₹64.40 crore in KNR Palani Infra.
- The sale was completed on May 29, 2026.
Price Impact
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