PNC Infratech Completes 12-Asset Road Portfolio Divestment

PNC Infratech completes sale of equity stake in PNC Challakere (Karnataka) Highways to KKR-sponsored Vertis Infrastructure Trust on March 27, 2026.
Final tranche concludes divestment of all 12 road assets (11 HAM + 1 BOT Toll), spanning ~3,800 lane-km across four states, announced January 2024.
PNC Challakere transaction concluded at Enterprise Value of Rs. 683.84 crore; Rs. 80.48 crore equity and Rs. 134.94 crore unsecured loans received.