KNR extends KRIPL stake sale deadline to 31 Dec 2026
KNRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 4.1 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KNR Constructions is selling its 100% stake in 4 road SPVs to Indus Infra Trust. Sales of 3 SPVs (KPIPL, KRGIPL, KGIPL) are already complete. Timeline for the 4th SPV (KRIPL) has been extended to 31 Dec 2026 due to pending condition precedents. No financial impact disclosed yet.
Delay in KRIPL closure, but broader asset divestment to Indus Infra Trust continues. Watch for deal value and timeline updates.