Timeline for Sale of Stake in KNR Ramanattukara SPV Extended to 31 December 2026
KNR has extended the deadline for selling its 100% stake in KNR Ramanattukara Infra Private Limited to Indus Infra Trust.
- Transaction Type
- Sale of 100% stake in KNR Ramanattukara Infra Private Limited
- Buyer
- Indus Infra Trust
- New Completion Date
- 31st December 2026
- Reason for Extension
- Delay in meeting certain Condition Precedents
- Prior SPV Sales Status
- Stakes in Palani, Ramagiri, and Guruvayur SPVs already completed
What was shared
KNR Constructions gave an update under Regulation 30 on its ongoing sale of road SPVs to Indus Infra Trust.
Under share purchase agreements each dated 24th December 2025, the company proposed to sell its 100% shareholding (including Sub Debt) in four special purpose vehicles:
- KNR Palani Infra Private Limited
- KNR Ramagiri Infra Private Limited
- KNR Guruvayur Infra Private Limited
- KNR Ramanattukara Infra Private Limited
The update
Sales of the stakes in Palani, Ramagiri and Guruvayur were intimated earlier. For KNR Ramanattukara Infra Private Limited, the company and the purchaser have mutually agreed to extend the completion timeline because of a delay in compliance with certain Condition Precedents.
The proposed date of completion of that transaction is now extended up to 31st December 2026.
How to read it
Condition Precedents are steps or approvals that must be satisfied before a deal can close. An extension means the parties are continuing with the transaction while those steps are completed, rather than terminating it. Three of the four SPV sales have already moved ahead, so this update concerns the remaining one.
Also from KNR Constructions
Income Tax appeals order deletes Rs. 18,58,39,829 penalty for AY 2021-22
6 Oct 2026
Sale of wholly owned subsidiary KRIPL to Indus Infra Trust completed for Rs. 549.14 crore
6 Oct 2026
Income Tax Penalty Orders Received for Four Search-Related Assessment Years
30 Sep 2026
More numbers
- Stake being sold in each SPV100% shareholding (including Sub Debt)
- Number of SPVs under the share purchase agreements4
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