KNR Constructions Limited has completed the sale of its stake in subsidiary KNR Ramagiri Infra Private Limited (KRIPL) to Indus Infra Trust. This disclosure is made pursuant to SEBI Listing Obligations & Disclosure Requirements Regulations, 2015.
Transaction Details
The company transferred 99.90% (480,262 equity shares) of KRIPL's share capital to Indus Infra Trust. The remaining 0.10% (488 equity shares) could not be transferred due to technical issues, but the economic benefit/interest on these shares remains with the purchaser.
Financial Considerations
The company had originally invested ₹82.75 crore in KRIPL in the form of Equity and Subordinated Debt. Pursuant to this transaction, the company received a consideration of ₹227.45 crore from the purchaser.
Subsidiary Financial Impact
As of March 31, 2026, KRIPL contributed:
- Turnover: ₹169.90 crore (6.30% of consolidated turnover)
- Net Worth: ₹161.13 crore (3.24% of consolidated net worth)
Transaction Timeline
- Share Purchase Agreements executed: December 24, 2025
- Sale completion date: June 11, 2026
Buyer Information
The purchaser, Indus Infra Trust, is a publicly listed infrastructure investment trust registered with SEBI under SEBI (Infrastructure Investment Trusts) Regulations, 2014. The trust is established to acquire, manage and invest in infrastructure assets across sectors. The purchaser does not belong to the promoter/promoter group/group companies of KNR Constructions.