CCI Approves 100 Per Cent Equity Sale of KNR SPVs to Indus Infra Trust

09 Apr 2026 CW Team

The SPVs concerned are KNR Palani Infra Private Limited, KNR Ramanattukara Infra Private Limited, KNR Guruvayur Infra Private Limited and KNR Ramagiri Infra Private Limited. Indus will act through its investment manager, GR Highways Investment Manager Private Limited (GRHIMPL), hereafter referred to as the Investment Manager. The transaction involves the acquisition of 100 per cent equity in each of these four SPVs from KNR.

The Acquirer Trust is an irrevocable trust settled under the Indian Trusts Act, 1882, and is registered as an infrastructure investment trust (InvIT) with the Securities and Exchange Board of India (SEBI). The InvIT will be governed by the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended, and will be subject to all applicable guidelines, circulars, notifications and directions issued by SEBI. The Investment Manager will be responsible for managing the assets and overseeing compliance with the InvIT regulations on behalf of the Acquirer Trust.

The KNR SPVs were incorporated by KNR to execute projects awarded by the National Highway Authority of India (NHAI) under the Hybrid Annuity Model (HAM), under which the concessionaires undertake development, building, operation and maintenance of road infrastructure. KNR is a multi-domain infrastructure project development company providing engineering, procurement and construction (EPC) and operations and management (O&M) services across roads and highways, irrigation and urban water infrastructure management. The Commission has stated that a detailed order will follow.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Competition Commission of India has approved the acquisition of 100 per cent equity shareholding of KNR special purpose vehicles (SPVs) by Indus Infra Trust (Acquirer Trust) from KNR Constructions Limited (KNR). The approval authorises the transfer of complete ownership of the identified SPVs to Indus, which will hold the equity through the Acquirer Trust. The seller is KNR Constructions Limited, which established the SPVs for specific infrastructure projects. The SPVs concerned are KNR Palani Infra Private Limited, KNR Ramanattukara Infra Private Limited, KNR Guruvayur Infra Private Limited and KNR Ramagiri Infra Private Limited. Indus will act through its investment manager, GR Highways Investment Manager Private Limited (GRHIMPL), hereafter referred to as the Investment Manager. The transaction involves the acquisition of 100 per cent equity in each of these four SPVs from KNR. The Acquirer Trust is an irrevocable trust settled under the Indian Trusts Act, 1882, and is registered as an infrastructure investment trust (InvIT) with the Securities and Exchange Board of India (SEBI). The InvIT will be governed by the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended, and will be subject to all applicable guidelines, circulars, notifications and directions issued by SEBI. The Investment Manager will be responsible for managing the assets and overseeing compliance with the InvIT regulations on behalf of the Acquirer Trust. The KNR SPVs were incorporated by KNR to execute projects awarded by the National Highway Authority of India (NHAI) under the Hybrid Annuity Model (HAM), under which the concessionaires undertake development, building, operation and maintenance of road infrastructure. KNR is a multi-domain infrastructure project development company providing engineering, procurement and construction (EPC) and operations and management (O&M) services across roads and highways, irrigation and urban water infrastructure management. The Commission has stated that a detailed order will follow.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..