KNR Constructions Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Transfer of shares held in subsidiary'.
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KNR Constructions has transferred all equity share capital in its subsidiary KNR Palani Infra Private Limited (KPIPL) to Indus Infra Trust, a publicly listed infrastructure investment trust registered with SEBI. The company had invested Rs. 64.40 crore in the SPV and received Rs. 205.05 crore as consideration, plus an additional Rs. 90 crore cash surplus upstreamed by the SPV. The transaction was completed on May 29, 2026. KPIPL contributed 3.22% of consolidated turnover (Rs. 86.96 crore) and 4.89% of consolidated net worth (Rs. 243.34 crore) as of March 31, 2026. The buyer is not related to the promoter or promoter group.
This sale generates a significant profit (Rs. 205.05 crore vs Rs. 64.40 crore investment) plus Rs. 90 crore cash surplus, which should benefit shareholders. However, the subsidiary contributed only about 3-5% of consolidated financials, so the impact on overall earnings may be modest.