KNR Constructions Share Price Rises 5% As Company Plans Exit From 4 Highway SPVs

KNR Constructions share price (NSE: KNRCON) ended Friday’s session below the day’s high but still closed strongly. During intraday trade on December 26, 2025, the stock jumped nearly 9%, touching a high of ₹186. It later settled 4.90% higher at ₹179.40.

Despite broader market weakness, with the Nifty 50 closing 0.38% lower at 26,042.30, KNR Constructions outperformed the market.

5-Day Winning Streak Continues

The stock has been on a strong upward run. Over the last 5 trading sessions, KNR Constructions share price has surged 26.25%, reflecting sustained buying interest.

Why Did KNR Constructions Share Price Rise Today?

The rally came after the company announced plans to exit 4 highway projects by selling its stakes in related special-purpose vehicles (SPVs). The move is aimed at capital recycling and generating free cash, which investors see as a positive, asset-light strategy.

Details Of The SPV Sale

KNR Constructions has signed a share purchase agreement with Indus Infra Trust to sell a 100% stake, including sub-debt, in the following SPVs:

• KNR Palani Infra Private Limited
• KNR Ramagiri Infra Private Limited
• KNR Guruvayur Infra Private Limited
• KNR Ramanattukara Infra Private Limited

The transaction is subject to approvals from regulators, lenders, and compliance with concession agreements signed with the National Highways Authority of India (NHAI).

Financial Impact Of The Deal

The company has invested ₹566.83 crore in equity and sub-debt across these SPVs. Against this, KNR Constructions expects to receive an estimated ₹1,543.19 crore as cash surplus from the divestment.

The company said the transaction is likely to be completed on or before September 30, 2026, after receiving all necessary approvals.

Also Read: Indian Railways Launches QR-Enabled Complaint System for Catering Services in Chennai!

About Indus Infra Trust

Indus Infra Trust is a SEBI-registered infrastructure investment trust (InvIT). It focuses on acquiring, managing, and investing in infrastructure assets across sectors.

Conclusion

KNR Constructions’ plan to exit 4 highway SPVs has strengthened investor confidence. The move is expected to unlock significant cash, improve balance sheet flexibility, and support long-term growth, keeping the stock in focus despite broader market weakness.

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