KNR Constructions Limited has completed the sale of its entire equity share capital in its subsidiary company, KNR Guruvayur Infra Private Limited (KGIPL), to Indus Infra Trust. This disclosure is made pursuant to SEBI Listing Regulations Regulation 30 read with Part A of Schedule III.
The transaction represents a significant divestment for the company. KNR Constructions had originally invested ₹193.32 crore in KGIPL through a combination of equity and subordinated debt. Through this sale, the company received a total consideration of ₹485.86 crore from the purchaser, representing a substantial return on its initial investment.
Financial significance of the divested subsidiary is detailed in Annexure I. As of March 31, 2026, KGIPL contributed ₹237.21 crore to consolidated turnover, representing 8.79% of the company's total consolidated turnover. The subsidiary's net worth stood at ₹394.38 crore, accounting for 7.93% of the consolidated net worth.
The transaction timeline shows that Share Purchase Agreements were executed on December 24, 2025, with the sale completion occurring on September 17, 2026.
The purchaser, Indus Infra Trust, is identified as a publicly listed infrastructure investment trust registered with SEBI under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The trust's stated purpose is to acquire, manage and invest in a portfolio of infrastructure assets across sectors and/or securities of companies engaged in the infrastructure sector. Critically, the disclosure confirms that the purchaser does not belong to the promoter/promoter group/group companies of KNR Constructions, and therefore the transaction does not qualify as a related party transaction.
The disclosure represents a follow-up to the company's previous intimation dated December 25, 2025, regarding this transaction.