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KNR Constructions jumps on entering into SPA with Cube Highways and Infrastructure

10 Jan 2020 Evaluate

KNR Construction is currently trading at Rs. 275.65, up by 21.10 points or 8.29% from its previous closing of Rs. 254.55 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 282.00 and Rs. 260.00 respectively. So far 56098 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 303.30 on 28-May-2019 and a 52 week low of Rs. 187.00 on 05-Mar-2019.

Last one week high and low of the scrip stood at Rs. 282.00 and Rs. 251.30 respectively. The current market cap of the company is Rs. 3866.98 crore.

The promoters holding in the company stood at 55.17%, while Institutions and Non-Institutions held 33.61% and 11.22% respectively.

KNR Constructions has entered into Share Purchase Agreement (SPA) with Cube Highways and Infrastructure III pte on January 09, 2020 to sell its equity stake in a toll road BOT assets viz KNR Walayar Tollways (SPV). The company holds 100% equity in the SPV.

The enterprise value of the assets for this transaction is Rs 529.27 crore excluding claims receivable from NHAI and other governmental instrumentalities, which would be passed through to the company as and when realised. The transaction is subject to certain conditions precedent including approvals from lenders and NHAI, customer to transactions of this nature and parties anticipate closing of the transaction within next 2- 3 months.

KNR Constructions is a multi-domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.

KNR Constructions Share Price

123.90 -0.25 (-0.20%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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