PNC-KKR Rs 9,000 crore deal: Approval for 8 assets received from NHAI, two more by January end

PNC Infratech has received approval from the National Highways Authority of India (NHAI) for the transfer of two additional road assets, advancing its Rs 9,000 crore deal with KKR-backed Highways Infrastructure Trust (HIT). With this, PNC has secured approvals for eight out of ten assets needed for the transaction, expected to close by March 31, 2025. The deal encompasses 12 road assets valued at approximately ₹9,006 crore, marking a significant milestone in India's infrastructure sector.

Source: Business Standard.