Key Transaction Details
- Target Entity: KNR Sriranganatha Infra Private Limited (KSIPL), CIN: U42101TS2023PTC171490
- Investment Amount: ₹44.65 crores
- Investment Method: Subscription to equity shares issued on rights basis
- Transaction Date: 02nd November 2026
- Share Details: 4,46,500 equity shares of ₹1,000 each acquired on transaction date
Cumulative Investment
- Total Investment: ₹44.75 crores
- Total Shares: 4,47,500 equity shares of ₹1,000 each
Subsidiary Background
- Incorporation Date: 27th March 2023
- Status: Wholly-owned subsidiary and Special Purpose Vehicle (SPV)
- Location: State of Telangana, India
- Industry: Construction and Engineering
- Project: Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH-275 from Design Ch. Km 195+550 at Yalachahalli near SH-117 Yelawala-KR Nagara Road Junction to design Ch. Km214+535 joining (at Ch. Km 131+180 approx) to Srirangapatna bypass near Paschima Vahini under NH(O) in the State of Karnataka (Package V)
Financial Performance of Subsidiary
- FY 2023-24: Turnover - Nil
- FY 2024-25: Turnover - Nil
- FY 2025-26: Turnover - ₹79.82 crore (₹7,982.23 lakhs)
Ownership Structure
- Pre-Transaction Holding: 100%
- Post-Transaction Holding: 100%
- No change in controlling interest
Transaction Rationale and Impact
The investment was made as per the terms & conditions of the Facility Agreement entered with lenders and in compliance with the Concession Agreement entered with National Highways Authority of India (NHAI) by KNR Sriranganatha Infra Private Limited.
Consideration Type
Cash consideration