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PNC Infratech Limited, along with its wholly owned subsidiary PNC Infra Holdings Limited, has completed the sale of equity stake in ten road assets to Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust sponsored by affiliates of KKR & Co Inc. The handover of these Special Purpose Vehicles (SPVs) took place on 21st and 22nd May 2025. The divestment forms part of a transaction originally announced in January 2024, involving 12 road assets鈥�11 national highway hybrid annuity mode (HAM) projects and one state highway BOT toll project. These assets cover approximately 3,800 lane-kilometres across Uttar Pradesh, Madhya Pradesh, Karnataka, and Rajasthan. The ten HAM assets sold under Tranche I fetched an equity consideration of Rs 18.28 billion, post scope adjustments. Additionally, PNC will receive Rs 6.24 billion for change-of-scope works and Rs two billion in other receivables, not included in the equity consideration. The original equity invested in these assets was Rs 13.71 billion. Sale of the remaining two assets is expected in the first half of FY26, subject to conditions precedent. The transaction aligns with PNC鈥檚 strategy to recycle capital and invest in new infrastructure opportunities. Source: Press release issued by PNC Infratech Limited