PNC Infra surges 6% amid reports of KKR unit eyeing its road assets
Shares of PNC Infratech hit an over three-month high at Rs 338.55, as they rallied 6 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market on reports that KKR’s roads Highways Infrastructure Trust is in talks to acquire a portfolio of 12 road projects from the company for an enterprise value of about Rs 9,000 crore.
The stock of civil construction company quoted at its highest level since February 2023. It had hit a 52-week high of Rs 354.55 on February 3, 2023.
