KNR Constructions Limited has successfully divested its entire equity share capital in its subsidiary, KNR Guruvayur Infra Private Limited (“SPV/KGIPL”), to Indus Infra Trust. The Company had initially invested ₹193.32 crore in the SPV. Following the transaction, KNR Constructions has realized a substantial consideration of ₹485.86 Crore, marking a significant gain from the sale. The sale, completed on September 17, 2026, has been disclosed in detail according to regulatory requirements.
KNR Constructions Completes Strategic Divestment
KNR Constructions Limited announced today the completion of a significant strategic divestment. The company has transferred its entire equity share capital in one of its key subsidiaries, KNR Guruvayur Infra Private Limited (referred to as “SPV/KGIPL”), to Indus Infra Trust (“Purchaser”). This transaction marks a notable move for KNR Constructions in streamlining its asset portfolio.
Financial Impact of the Transaction
The company had originally invested ₹193.32 crore in the SPV, comprising both Equity and Subordinated Debt. Through this strategic sale, KNR Constructions has received a total consideration of ₹485.86 Crore from the Purchaser. This transaction is expected to have a material positive impact on the company’s financial performance and balance sheet. The detailed breakdown of the transaction is available in the attached Annexure I.
Key Transaction Details
The Share Purchase Agreements for this divestment were executed on December 24, 2025. The sale was formally completed on September 17, 2026. The buyer, Indus Infra Trust, is identified as a publicly listed infrastructure investment trust registered with SEBI. Importantly, the Purchaser does not belong to the promoter, promoter group, or any group companies of KNR Constructions, ensuring the transaction is at arm’s length and free from related party concerns.
Source: BSE
