Sale1 Aug 2025, 03:55 pm
PNC Infratech Completes Sale of Equity Stake in PNC Bareilly Nainital Highways for Rs 716.2 Crores
AI Summary
PNC Infratech Limited, along with its wholly owned subsidiary, PNC Infra Holdings Limited, has successfully completed the sale of its equity stake in PNC Bareilly Nainital Highways Private Limited, a BOT (Toll) Road Project, to Vertis Infrastructure Trust (VIT) for an Enterprise Value of Rs 716.2 Crores. This transaction marks the conclusion of the second tranche of the strategic divestment initiative announced in January 2024, involving the sale of a portfolio of 12 road assets. The Company has now completed the sale of 11 out of the 12 assets under the said definitive agreement. The final asset is expected to be divested in H1 FY26.
Key Highlights
- PNC Infratech and PNC Infra Holdings Limited sell equity stake in PNC Bareilly Nainital Highways Private Limited to Vertis Infrastructure Trust
- Transaction completed for an Enterprise Value of Rs 716.2 Crores
- Includes Rs 153.48 crores against equity and debentures, and Rs 239.35 crores against Unsecured Loans
- 11 out of 12 assets under the definitive agreement have been successfully sold
- The final asset is expected to be divested in H1 FY26