KNR Constructions Sells 99.90% Stake in Infra Subsidiary to Indus Infra Trust
KNR Constructions Limited has completed the transfer of a significant equity stake in its subsidiary, KNR Ramagiri Infra Private Limited (KRIPL), to the publicly listed infrastructure investment trust, Indus Infra Trust.The transaction details indicate that KNR Constructions Limited sold 99.90%, which corresponds to 480,262 equity shares, of KRIPL to the purchaser. The company initially invested Rs. 82.75 crore into the SPV through a combination of Equity and Subordinated Debt. In exchange for this majority stake, KNR Constructions Limited received a consideration of Rs. 227.45 Crore from Indus Infra Trust.
The balance equity shares, totaling 0.10% or 488 shares held by the Company, could not be transferred to the purchaser due to technical issues; however, the economic benefit and interest of these residual shares now rest with the Purchaser.
The Share Purchase Agreements for this disposal were executed on December 24, 2025, and the sale was successfully completed on June 11, 2026.
Subsidiary Performance Details at Time of Sale
Details regarding KNR Ramagiri Infra Private Limited (KRIPL) as of March 31, 2026, include its contributions to the consolidated figures.| Metric | KRIPL Value | Percentage of Consolidated Total |
|---|---|---|
| Turnover (in Rs. Cr) | 169.90 | 6.30% |
| Net Worth (in Rs. Cr) | 161.13 | 3.24% |
Buyer Profile and Transaction Summary
Indus Infra Trust, the buyer, is noted as a publicly listed infrastructure investment trust registered to acquire, manage, and invest in a portfolio of infrastructure assets across various sectors and securities within the industry.The transaction was conducted between the two entities with no indication that it fell under related party transactions.
KNRCON Stock Price Movement
As of 11:47 AM, shares of KNR Constructions Limited are edging higher to ₹121.55, gaining 3.14% in live trading. The equity has demonstrated solid intraday strength, as it trades within a tight range between ₹118.69 and the high of ₹121.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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