KNR Constructions sells Guruvayur Infra stake for ₹486 crore
In short
KNR Constructions sold its stake in Guruvayur Infra to Indus Infra Trust for about ₹486 crore. The report says KNR had put ₹193.32 crore into the special purpose vehicle and got ₹485.86 crore back.
What the reporting says
KNR Constructions sold its stake in Guruvayur Infra to Indus Infra Trust for ₹486 crore, according to a market summary. The same reporting says KNR had invested ₹193.32 crore in the SPV and received ₹485.86 crore as consideration.
Why it matters
KNR Constructions sold its Guruvayur Infra stake to Indus Infra Trust for ₹485.86 crore, after having invested ₹193.32 crore in the SPV. The transaction suggests a monetisation of infrastructure exposure and likely changes KNR’s capital position.