The India Competition Regulator has given the green light to Indus Infra Trust's acquisition of all KNR SPVs owned by KNR Constructions. This move signifies a significant step forward in Indus Infra Trust's expansion plans.
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The Competition Commission of India has given its approval for Indus Infra Trust to fully acquire the KNR Special Purpose Vehicles, previously owned by KNR Constructions Limited.
Marwadi Chandarana has offloaded approximately 1.6 million shares of KNR Constructions, with the average sale price being ₹116.7. This move suggests a significant reduction in their holdings within the company.
KNR Constructions experienced an 8.5% increase in shares, following its success in securing a ₹1,734 crore NHAI project in Telangana. However, the company's Q3 FY26 results showed a significant 58.7% decrease in net profit and a 12.4% drop in revenue compared to the previous year.
Mathisys Advisors purchased approximately 1.97 million shares of KNR Constructions at an average price of INR 119.2, according to recent trades on the National Stock Exchange.
CLT Research Tech recently purchased approximately 1.48 million shares of KNR Constructions at an average price of Rs. 118, indicating a growing investment in the construction company.
Microcurves has offloaded approximately 5.6 million shares of KNR Constructions, with an average sale price of ₹118.26 each. This significant transaction on the National Stock Exchange signals a potential change in their investment strategy with regards to KNR.
KNR Constructions has reported a significant share sale: approximately 1.53 million shares were sold at an average price of Rs. 119.17. The seller in this transaction is Dharmik Viththalbhai Kapuriya, as per the trade details.
JUMP Trading has offloaded approximately 4 million shares of KNR Constructions at an average price of INR 118.1 each, according to NSE bulk trades.