Indus Infra Trust has completed the acquisition of controlling interest and substantially all of the equity share capital of KNR Palani Infra Private Limited. The transaction was finalized on May 29, 2026, under Regulation 23(6) of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The acquisition was executed from KNR Constructions Limited, the seller in the transaction.

Pursuant to the agreement, all equity shares of KNR Palani Infra Private Limited, except two equity shares held by nominee shareholders of the seller, have been transferred to the Trust. These two nominee shares are scheduled to be transferred in favor of the nominees of the Trust. The necessary steps to effect this transfer are currently being undertaken in accordance with applicable laws and the transaction documents.

Despite the pending transfer of the nominee shares, the Trust has acquired control of KNR Palani Infra Private Limited with effect from May 29, 2026. The completion of this acquisition follows an earlier intimation dated December 25, 2025, regarding the proposed transaction.

The following table summarizes the key details of the acquisition:

The information regarding the acquisition has been made available on the official website of the Trust. The Investment Manager for the Trust is GR Highways Investment Manager Private Limited.

Indus Infra Trust has allotted 5,000 unsecured, listed, rated commercial papers aggregating Rs 250 crore. The CP Fund Raise Committee of the Board of Directors of the Investment Manager, GR Highways Investment Manager Private Limited, approved the allotment on May 25, 2026. The issuance carries a discount rate of 6.90% per annum and matures on June 19, 2026.

The Trust received listing approval from the National Stock Exchange of India Limited (NSE) via circular No. 0850/2026 dated May 26, 2026. Consequently, the commercial papers were admitted to dealings on the debt market segment of NSE effective May 26, 2026. The security holds a CARE A1+ credit rating and is unsecured in nature.

HDFC Bank Limited acted as the issuing and paying agent for the transaction. The face value of each commercial paper is Rs 5,00,000, resulting in an aggregate maturity value of Rs 250,00,00,000. The papers are identified by the ISIN INE0NHL14018.

This allotment follows a previous intimation dated May 12, 2026, wherein the Board of Directors of the Investment Manager had approved raising funds up to Rs 1,000 crore via commercial papers in one or more tranches. The current tranche utilizes a portion of this approved limit.

Key Details of the Allotment