India's KNR Constructions gains after $57 million unit stake sale
06/10/2026 07:21
BUZZ-India's KNR Constructions gains after $57 million unit stake sale ** Infrastructure developer KNR Constructions KNRL.NS shares rise as much as 4.04% to 116.41 rupees apiece; stock last up 2.4%
** Rise after KNRL says it received a consideration of 5.49 billion rupees ($57 million) for transferring all its equity stake in its unit KNR Ramanattukara Infra to Indus Infra Trust
** Sale completed on Monday, KNRL says in an exchange filing
** KNRL had invested 2.26 billion rupees in the unit, which had a net worth of 4.30 billion rupees as of March 31, 2026
** KNRL shares are down 29.7% in 2026 so far, according to exchange data
($1 = 96.4325 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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