KNR Constructions transfers SPV to Cube Highways and Infrastructure II

KNR Constructions has transferred 100% stake of its subsidiary company i.e. KNR Walayar Tollways (SPV) to Cube Highways and Infrastructure II.

The enterprise value of the assets for this transaction is Rs 511.78 crore excluding claims receivable from NHAI and other governmental instrumentalities, which would be passed through to the Company as and when realised.

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