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KNR Constructions Limited ( (IN:KNRCON) ) has shared an announcement.
KNR Constructions Limited has announced the transfer of its entire 0.65% shareholding in KNR Muzaffarpur – Barauni Tollway Private Limited to Mr. Gaurav Jalan, a promoter and director of JKM Infra Projects Limited. The transaction was completed on April 8, 2025, with KNR receiving Rs. 45.90 lakh, equivalent to its initial investment. This move is part of a strategic realignment, potentially impacting KNR’s financials by divesting a non-core asset, which contributed 0.91% to the consolidated turnover in the last financial year.
More about KNR Constructions Limited
KNR Constructions Limited operates in the infrastructure sector, focusing on construction and development projects. The company is known for its work in building roads, highways, and other infrastructure projects, primarily catering to the Indian market.
YTD Price Performance: -36.27%
Average Trading Volume: 86,904
Current Market Cap: 63.02B INR
See more insights into KNRCON stock on TipRanks’ Stock Analysis page.
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