Sale of wholly owned subsidiary KRIPL to Indus Infra Trust completed for Rs. 549.14 crore

KNR Constructions has transferred all of the equity share capital of its subsidiary KNR Ramanattukara Infra Private Limited (KRIPL) to Indus Infra Trust.

Tue 6 Oct 2026

Sale of a subsidiary completed

The company has transferred all of the equity share capital it held in KNR Ramanattukara Infra Private Limited (KRIPL) to Indus Infra Trust. As a result of this transfer, KRIPL ceased to be a subsidiary of the company with effect from 05th October 2026.

Deal size and the amount invested

The company had invested Rs. 225.72 crore in the SPV, in the form of Equity and Subordinated Debt. Against this, it has received a consideration of Rs. 549.14 crore from the purchaser.

How large was this unit

• Turnover of KRIPL as on March 31, 2026 was Rs. 257.40 crore, which was 9.54% of the consolidated turnover.
• Net worth of KRIPL as on March 31, 2026 was Rs. 430.22 crore, which was 8.65% of the consolidated net worth.

Timeline of the transaction

• The Share Purchase Agreements were executed on December 24, 2025.
• The sale has been completed on October 5, 2026.

Who the buyer is

Indus Infra Trust is a publicly listed infrastructure investment trust, registered with SEBI under SEBI (Infrastructure Investment Trusts) Regulations, 2014. It is established to acquire, manage and invest in a portfolio of infrastructure assets across sectors and/or securities of companies engaged in the infrastructure sector. The purchaser does not belong to the promoter, promoter group or group companies.

Other points disclosed

• The transaction does not fall within related party transactions.
• The slump sale disclosures are marked Not Applicable.

What this means in simple terms

The company has sold out of this subsidiary completely and has received the sale consideration. The unit being sold was a meaningful part of the consolidated business, contributing 9.54% of consolidated turnover and 8.65% of consolidated net worth. The amount received is higher than the amount the company had invested in the SPV. Since KRIPL is no longer a subsidiary, its turnover and net worth will no longer be part of the company's consolidation going forward.

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