Divestment12 Jun 2026, 11:34 am
KNR Constructions Sells SPV Stake for ₹227.45 Cr
AI Summary
KNR Constructions Limited has divested its entire stake in its subsidiary, KNR Ramagiri Infra Private Limited (KRIPL), to Indus Infra Trust for a consideration of ₹227.45 Crore. The company had initially invested ₹82.75 Crore in KRIPL. The divested subsidiary contributed 6.30% to consolidated turnover and 3.24% to net worth in FY26. The transaction was completed on June 11, 2026, with the sale agreement signed on December 24, 2025. The buyer, Indus Infra Trust, is a publicly listed infrastructure investment trust and is not related to KNR Constructions' promoter or group.
Key Highlights
- Divested 99.90% stake in subsidiary KRIPL to Indus Infra Trust.
- Received ₹227.45 Crore consideration, a significant gain on ₹82.75 Crore investment.
- Subsidiary contributed 6.30% to consolidated turnover and 3.24% to net worth.
- Transaction completed on June 11, 2026.
- Buyer is an independent infrastructure investment trust.
Price Impact
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