CCI Approves Indus Infrastructure Trust's 100% Acquisition of KNR SPVs from KNR Constructions 9 days ago
The Competition Commission of India has approved Indus Infrastructure Trust's acquisition of 100% stake in KNR SPVs from KNR Constructions. This regulatory clearance represents a significant milestone for the infrastructure sector transaction, enabling the trust to acquire the complete shareholding in the Special Purpose Vehicles. The approval facilitates the completion of this corporate restructuring deal between the infrastructure trust and construction company.
KNR Constructions Reports Decline in Q4 Financial Performance
KNR Constructions, an infrastructure sector company, has released its Q4 financial results showing substantial declines across key metrics. The consolidated net profit fell by 60.60% year-over-year to ₹1.39 billion. Revenue decreased by 30.90% to ₹9.75 billion. EBITDA dropped 41.30% to ₹2.20 billion, with the EBITDA margin declining from 26.49% to 22.71%. These results indicate significant challenges for the company in the fourth quarter.