CCI Approves Indus Infra Trust’s Acquisition of KNR Road SPVs from KNR Constructions

The Competition Commission of India (CCI) has approved the acquisition of 100% equity shareholding of four road Special Purpose Vehicles (SPVs) of KNR Constructions Limited by Indus Infra Trust.

The transaction involves the acquisition of KNR Palani Infra, KNR Ramanattukara Infra, KNR Guruvayur Infra and KNR Ramagiri Infra by Indus Infra Trust, acting through its investment manager GR Highways Investment Manager Private Limited.

Indus Infra Trust is a SEBI-registered Infrastructure Investment Trust (InvIT) governed by the InvIT Regulations, 2014. The acquired SPVs are engaged in developing, operating and maintaining highway projects under the Hybrid Annuity Model (HAM) through concession agreements with the National Highways Authority of India (NHAI).

The approval facilitates asset monetisation for KNR Constructions while enabling Indus Infra Trust to expand its portfolio of operational road assets in India.