New Delhi, Dec. 26 -- KNR Constructions share price rallied as much as 6.12% to Rs.181.49 apiece in Friday's trading session after the company announced that it had executed a share purchase agreement with Indus Infra Trust on Thursday.

KNR Constructions share is likely to attract stock market investors as the share purchase agreement signals growth of the company in the near future. A share purchase agreement (SPA) is a legally binding contract between a seller (commonly called the vendor) and a buyer (the purchaser) that governs the sale and acquisition of shares in a company.

In an exchange filing on December 25, KNR Constructions said that it has entered into share purchase agreements with Indus Infra Trust for the proposed divestme...