Acquisitions1 Aug 2025, 03:50 pm
PNC Infratech Transfers Majority of SPVs to Vertis Infrastructure Trust
AI Summary
PNC Infratech Ltd, along with its Wholly Owned Subsidiary, PNC Infra Holdings Limited, has transferred their entire stake in PNC Bareilly Nainital Highways Private Limited to Vertis Infrastructure Trust (formerly known as Highways Infrastructure Trust). This move is in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction was concluded at an Enterprise Value of Rs 716.2 Crores. The sale process of equity in the remaining one (1) asset, viz. PNC Challakere Karnataka Highways Private Limited, is expected to be completed in the H1 of FY26.
Key Highlights
- PNC Infratech Ltd and PNC Infra Holdings Limited transfer their entire stake in PNC Bareilly Nainital Highways Private Limited to Vertis Infrastructure Trust.
- The transaction was concluded at an Enterprise Value of Rs 716.2 Crores.
- The sale process of equity in the remaining one (1) asset, viz. PNC Challakere Karnataka Highways Private Limited, is expected to be completed in the H1 of FY26.
- Vertis Infrastructure Trust does not belong or relate to the promoter/promoter group/group companies.
- The transaction does not fall within the purview of the related party transaction.