KNR Constructions Sells SPV for ₹549.14 Crore

KNR Constructions Limited has divested its entire equity share capital in its subsidiary, KNR Ramanattukara Infra Private Limited (KRIPL), to Indus Infra Trust for a consideration of ₹549.14 Crore. The company had initially invested ₹225.72 Crore in KRIPL. Following this transaction, KRIPL ceased to be a subsidiary of KNR Constructions effective October 5, 2026. For the financial year ending March 31, 2026, KRIPL contributed ₹257.40 Crore (9.54%) to the consolidated turnover and had a net worth of ₹430.22 Crore (8.65%). The Share Purchase Agreements were executed on December 24, 2025, and the sale was completed on October 5, 2026. The buyer, Indus Infra Trust, is a publicly listed infrastructure investment trust and is not part of KNR Constructions' promoter or group companies. The transaction was not considered a related party transaction.