Cube Highways and Infrastructure III Pte. Ltd. completed the acquisition of KNR Tirumala Infra Private Limited from KNR Constructions Limited for approximately INR 2.2 billion.
Cube Highways and Infrastructure III Pte. Ltd. completed the acquisition of KNR Tirumala Infra Private Limited from KNR Constructions Limited (BSE:532942) for approximately INR 2.2 billion on October 20, 2022. Cube Highways acquired remaining 51% stake in KNR Tirumala for INR 681.3 million, and for 49% INR 1.3618 billion and KNR Constructions y shall be eligible to receive an additional consideration up to an amount of INR 140.5 million subject to receipt of certain approvals form NHAI.