New Launch24 Feb 2026, 02:00 pm
KNR Constructions Ltd Incorporates Wholly Owned Subsidiary KNR Mahabalipuram Infra Private Limited
AI Summary
KNR Constructions Ltd has incorporated a wholly owned subsidiary named KNR Mahabalipuram Infra Private Limited on 19th February 2026. The new subsidiary is a special purpose vehicle (SPV) established for the purpose of constructing a Four Lane Elevated Corridor along East Coast Road (ECR) from design Chainage Km. 114480 to Km. 11/800 (West Avenue Road) and upto Km. 24+780 (East Coast Road) Thiruvanmiyur to Uthandi in SH- 49 on Hybrid Annuity Mode (HAM). The subsidiary has an authorized capital of Rs. 10,00,000/- (Rupees Ten Lakhs Only) divided into 1000 (one thousand) equity shares of Rs. 1000/- (Rupees One Thousand) each.
Key Highlights
- KNR Constructions Ltd has incorporated a wholly owned subsidiary, KNR Mahabalipuram Infra Private Limited.
- The new subsidiary is a special purpose vehicle (SPV) established for constructing a Four Lane Elevated Corridor along East Coast Road.
- KNR Mahabalipuram Infra Private Limited has an authorized capital of Rs. 10,00,000/- divided into 1000 equity shares of Rs. 1000/- each.
- The subsidiary is a related party as it is wholly owned by KNR Constructions Ltd.
- The acquisition of shares falls within the ambit of related party transactions.