PNC Infratech Limited has informed the Exchange regarding a press release dated August 01, 2025, titled "Press Release".
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Awaiting price reaction for this filing.
PNC Infratech, along with its wholly owned subsidiary PNC Infra Holdings, has completed the sale of its equity stake in PNC Bareilly Nainital Highways Pvt. Ltd. (a BOT Toll road project) to Vertis Infrastructure Trust (VIT, formerly Highways Infrastructure Trust, sponsored by KKR affiliates). This marks the second tranche of a 12-asset divestment deal originally announced in January 2024, covering ~3,800 lane-km across UP, MP, Karnataka and Rajasthan. The Enterprise Value of this tranche is Rs 716.2 Crores, with Rs 153.48 Cr received against equity/debentures and Rs 239.35 Cr against unsecured loans received on July 31 and August 1, 2025. An additional ~Rs 80 Cr is expected from the buyer going forward. With this sale, 11 of the 12 assets under the deal are now completed; the final asset (PNC Challakere Karnataka Highways, HAM project) is expected to be divested in H1 FY26.
This is a major asset monetisation event for PNC Infratech, unlocking around Rs 470+ Cr in immediate and near-term cash inflows and accelerating balance sheet deleveraging. The full 12-asset deal should significantly boost liquidity and reduce future toll-road operational risks, which may be viewed positively by investors, though it also means loss of long-term toll revenue from the divested assets.