KNR Constructions Invests ₹44.65 Cr in Wholly Owned Subsidiary

KNR Constructions Ltd has invested ₹44.65 crores by subscribing to equity shares on a rights basis in its wholly owned subsidiary, KNR Sriranganatha Infra Private Limited (KSIPL). KSIPL, incorporated on March 27, 2023, is a Special Purpose Vehicle (SPV) for the "Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH-275". The investment is in line with the Facility Agreement with lenders and the Concession Agreement with NHAI. KSIPL reported a turnover of ₹7982.23 lakhs as of March 31, 2026. The acquisition is considered a related party transaction but is exempt under SEBI (LODR) Regulations, 2015, as it's between a holding company and its wholly owned subsidiary. The total cumulative investment as of November 2, 2026, stands at ₹44.75 crores.