KNR Constructions Ltd Transfers Shares of SPV as Subsidiary Status Ends

KNR Constructions Ltd Transfers Shares of SPV as Subsidiary Status Ends​

KNR Constructions Limited has completed the transfer of equity shares in KNR Ramagiri Infra Private Limited to Indus Infra Trust. The transaction involves the balance 0.10% stake in KNR Ramagiri Infra Private Limited (SPV/KRIPL).

Following this change, KNR Ramagiri Infra Private Limited has ceased being a subsidiary company of KNR Constructions Limited.

The transfer included 488 equity shares of KNR Ramagiri Infra Private Limited to the Purchaser, Indus Infra Trust.

KNRCON Stock Price Movement​

Today, shares of KNR Constructions Limited gained robustly, settling at ₹131.64 after edging up 2.14% in post-market trading. The equity experienced a tight session, which saw it trade between a low of ₹129.30 and a high of ₹132.79 amid a volume of 1.37 million shares.

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