KNR Constructions Limited — Capital/Financing Update 2019

Jan 28, 2019

KNR Constructions Limited.

Ref: KNRCLISD/20 I9/ 19 & 20

Dated zs" January 2019 To The Dept. of Corporate Services, SSE Limited P J Towers, Dalal Street, Fort, MUMSAI - 40000 I Fax: +91 - 22- 2272 2037 /39/41 +912222723121/3719/1557

To National Stock Exchange of India Limited "Exchange Plaza", Bandra Kurla Complex, Sandra (E), MUMBAI - 400051 Fax: +91- 22- 6641 8124/25/26 +91 2226598237/38, +91 2226598347/48

Sub: - Intimation under Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015

Ref: - KNR Constructions Limited SSE Script Code: 532942, NSE Symbol: KNRCON

We wish to inform you that KNR Constructions Limited (the "Company") has entered into Share Purchase Agreement dated January 28, 2019 with Cube Highways and Infrastructure III Pte. Ltd. (the "Investor") for KNR Srirangam Infra Private Limited (hereinafter referred to as the "SPV") Pursuant to which the Company will, in a phased manner, sell to the Investor its entire shareholding in the SPY, subject to the shareholding transfer restrictions set out in the concession agreement executed between National Highway Authority of India and the SPY and subject to various regulatory and lender approvals.

The transaction is contemplated to be completed in two stages, with the first stage scheduled to be completed after achievement of the Commercial Operation Date (the "COD") as per Concession Agreement and the second stage scheduled to be completed after expiry of mandatory lock-in period as per the Concession Agreement.

The sale is for one HAM project, which is at different stages of pre-construction. The Company is expected to invest Rs. 49.08 Crores (in form of equity & Sub debt) against which the Company is expected to receive a total of Rs. 73.61 Crores through this transaction, which may undergo some changes at the time of COD.

The details of the transaction are provided in Annexure I hereto.

This is for your information and records. Kindly take the same on record and acknowledge receipt.

r - ~ ' .l ,'".V'I M. Y. YENKATA RAQ Company Secretary ,

Corp. Office: 'KNR House', 3rd & 4th Floor, Plot No. 114, Phase-I, Kavuri Hills, Hyderabad - 500 033. Phone: +91-40-40268759,40268761/62, Fax: +91-40-40268760, E-mail: info@knrcl.com, Web: www.knrcl.com Regd. Office: C-125, Anand Niketan, New Delhi - 110021. Corporate Identification No. : L74210DL 1995PLC238364

Annexure I

Sr.	Detailsrequiredto be disclosed	Disclosureby the Company
No..	Theamountandpercentageof theturnoverorrevenueor incomeandnet worthcontributedbysuchunitor divisionof thelistedentityduringthe last financialyear	Nil
2.	Dateon whichtheagreementfor salehasbeenenteredinto	January28, 2019
'").J.	Theofcompletionofexpecteddatesale/disposal	ThedivestmentshallbetheundertakenpostachievementoftheCODforIntheprojectsandconformancewiththeprovisionsoftherespectiveConcessionAgreement(s)
4.	Considerationreceivedfromsuch sale/disposal	Rs. 73.61Crores(Approx)
5.	Briefdetailsof buyer	CubeHighwaysandIIIInfrastructurePte.Ltd is acompanysetupin Singaporewiththeobjectiveofacquiringandoperatingoftransportationprojects.
6.	Whetheranyofthebuyersbelongtothepromoter!promotergroup/groupcompanies.Ifyes, detai Is thereof.	No
7.	Whetherthetransactionwouldfallwithinrelatedpartytransactions?If yes,whetherthesameis doneat "arm'slength"	No

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