Sale22 May 2025, 07:21 pm
PNC Infratech Completes Sale of Equity Stake in Ten Road Assets to Highways Infrastructure Trust
AI Summary
PNC Infratech Limited, along with its Wholly Owned Subsidiary, PNC Infra Holdings Limited, has completed the sale of equity stake in ten of the company’s road assets to Highways Infrastructure Trust (HIT) on 21st/22nd May 2025. The total equity consideration for this transaction is INR 1,827.6 Crores. The company has also received/will be receiving an additional amount of approximately INR 624.0 Crores and INR 200.0 Crores towards certain additional items of work and other receivables respectively. The equity invested in the ten assets by the Company is INR 1,371 Crores. The sale process of the remaining two assets is expected to be completed in the H1 of FY26.
Key Highlights
- PNC Infratech and PNC Infra Holdings Limited sell equity stake in ten road assets to Highways Infrastructure Trust
- Transaction consideration is INR 1,827.6 Crores
- Additional amounts of INR 624.0 Crores and INR 200.0 Crores received/expected for certain additional items of work and other receivables
- Equity invested in the ten assets by the Company is INR 1,371 Crores
- Sale process of the remaining two assets to be completed in H1 of FY26