PNC Infratech Limited has informed the Exchange regarding ''.SALE OR DISPOSAL OF AN ASSET/UNDERTAKING OF THE COMPANY

Core Business DivestedStrategic Transactions View source PDF Explain this filing

PNCINFRA · price

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Price reactionminutes from the announcement price · days from the prior close

-4.8%Reaction day

₹169.10

prior close

₹166.81

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-2.9%-1.9% vs market

Civil Construction peers, median of 99sector-4.2%-0.6% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 0.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+1.5

15m

+2.2

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.8-2.9-1.9-4.2-0.6

Next day

+2.3+1.6+0.7+2.1+0.2

+2.8+2.3+0.5+3.4-0.6

+3.1+3.4-0.3+5.2-2.1

+1.8+3.7-1.9+5.4-3.7

+8.9+8.0+0.9+11.7-2.8

+9.4+10.2-0.8+13.6-4.2

15d

+30.7+17.5+13.2+21.0+9.7

+26.0+18.0+7.9+20.7+5.3

+22.3+20.2+2.2+14.8+7.5

+35.0+29.2+5.8+19.6+15.4

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

PNC Infratech, along with its wholly owned subsidiary PNC Infra Holdings, has transferred its entire stake in PNC Challakere (Karnataka) Highways Private Limited to Vertis Infrastructure Trust (formerly Highways Infrastructure Trust) on March 27, 2026. This is the 12th and final SPV transfer under the Share Purchase Agreement originally signed on January 15, 2024. The deal was concluded at an Enterprise Value of Rs. 683.84 crore, comprising Rs. 80.48 crore for equity and Rs. 134.94 crore for unsecured loans. PNC Challakere contributed about 1.30% of consolidated revenue and 2.42% of consolidated net worth for FY25. The buyer is an unrelated InvIT, so it is not a related-party transaction.

Likely market impact

The completion of all 12 SPV transfers marks the end of PNC Infratech's large asset-sale program, freeing up capital and reducing project-level debt on the books. Investors can expect improved liquidity and a leaner balance sheet, though the loss of these long-term toll/assets may slightly affect future annuity-style revenues.