KNR Constructions to divest four road SPVs to Indus Infra Trust for ₹1,543 crore

has entered into share purchase agreements (SPAs) with Indus Infra Trust to sell its entire 100% stake (including sub-debt) in four road project special purpose vehicles (SPVs), marking an exit from these assets subject to customary approvals. The SPAs were signed on December 24, 2025, and cover KNR Palani Infra, KNR Ramagiri Infra, KNR Guruvayur Infra, and KNR Ramanattukara Infra. Total expected proceeds are ₹1,543.19 crore, comprising ₹1,398.65 crore as sale consideration plus ₹144.54 crore of estimated cash surplus to be upstreamed to KNR in an agreed manner. KNR stated it has invested ₹566.83 crore in equity and sub-debt across these SPVs. Completion is contingent on regulatory/authority and lender approvals, and also on share transfer restrictions under the respective concession agreements with the National Highways Authority of India (NHAI). The transaction is targeted to close on or before September 30, 2026, with KNR noting that Indus Infra Trust is a publicly listed InvIT and not part of KNR’s promoter group. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.