Indus Infra Trust has completed the acquisition of a controlling interest and substantially all of the equity share capital of KNR Ramagiri Infra Private Limited. The transaction was finalized on June 11, 2026, with KNR Constructions Limited acting as the seller. This strategic move expands the Trust's infrastructure portfolio by securing control over the target entity.

The acquisition involved the transfer of all equity shares of KNR Ramagiri Infra Private Limited, excluding 488 equity shares retained by the seller. The Trust has confirmed that it has acquired control of the company effective June 11, 2026, notwithstanding the pending transfer of these remaining shares. Necessary steps to effect the transfer of the balance shares are currently being undertaken in accordance with applicable laws and transaction documents.

The transaction was executed in compliance with Regulation 23(6) of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. This follows an initial intimation regarding the proposed acquisition submitted on December 25, 2025. The Investment Manager for the Trust, GR Highways Investment Manager Private Limited, oversaw the proceedings.

Transaction Details

The information regarding the acquisition has been made available on the Trust's official website. IDBI Trusteeship Services Limited has been notified regarding the completion of this regulatory filing.

Indus Infra Trust opened an institutional placement of units at a floor price of ₹125.09 per unit on June 12, 2026. The Fund Raise Committee of GR Highways Investment Manager Private Limited, acting as the Investment Manager to the Trust, approved the opening of the issue and the floor price based on the pricing formula prescribed under the SEBI InvIT Regulations and the Master Circular. The committee also approved the preliminary placement document dated June 12, 2026, along with the application form for the issue.

The Fund Raise Committee has fixed the Relevant Date as June 12, 2026, for the purpose of the issue. The floor price was determined in accordance with paragraph 7.9.1 of the Master Circular. The committee may, at its discretion, offer a discount of not more than 5% on the floor price for the issue.

Key Details of the Issue

The Board of Directors of GR Highways Investment Manager Private Limited had accorded approval for the issue in their meeting held on May 12, 2026. The Unitholders of the Trust also approved the issue through a resolution passed by way of postal ballot on June 9, 2026. The information is available on the Trust's website.