PNC Infratech Completes Sale of Twelve Highway SPVs to Vertis
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PNC Infratech sold twelve highway SPVs to Vertis Infrastructure Trust for an Rs 683.84 crore enterprise value, delivering a modest cash boost while shedding a small slice of revenue and net‑worth.
- Deal closed on 27 Mar 2026; equity component Rs 80.48 crore and Rs 134.94 crore in unsecured loans.
- The divested assets generated only 1.30 % of FY‑2025 revenue (Rs 16,402.72 lakhs) and represented 2.42 % of net‑worth (Rs 7,803.22 lakhs), roughly 2 % of the balance sheet.
- Proceeds of about Rs 215 crore strengthen liquidity and working‑capital, giving the company more financial flexibility.
- Sale removes peripheral highway projects, allowing PNC Infratech to focus on higher‑margin core operations and reduce regulatory/execution risk.
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