PNC infratech looking to close in deal worth Rs 9,000 crore
Construction engineering company PNC Infratech has received NHAI (National Highways Authority of India) approval for a change in control for 3 of the 12 assets being sold and expects a nod for 7 more assets by mid-December. As per updates, the deal for the remaining 2 assets is expected to be completed by the first half of FY26.
The wholly-owned subsidiary PNC Infra Holdings had executed the definitive agreement with Highways Infrastructure Trust (HIT) to divest 12 of its road assets for an enterprise value of Rs 9,006 crore. HIT is an Infrastructure Investment Trust sponsored by the affiliates of KKR & CO Inc.
Also Read: Contract update: PNC Infratech Limited bags order worth Rs 2268 crore in Maharashtra