This is further to the intimation by Ashoka Buildcon Limited (the 'Company') dated August 13, 2012 in relation to the INR 800 Crores investment by Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust (collectively, the 'Investors') in Ashoka Concessions Limited ('ACL'), i.e. a subsidiary of the Company.<BR> <BR> This is to inform that in furtherance to the Shareholders Agreement dated August 12, 2012 and the Share Subscription Agreement dated August 11, 2012 (the 'SHA') between Company, ACL and the Investors, the Company has entered into an agreement on October 15, 2021 with ACL and Investors ('Agreement'), to elaborate on the terms of understanding in relation to the exit options for the Investors through proceeds from sale of ACL assets ('ACL Asset Sale Process') and / or through restructuring of investment by swapping into identified asset/SPV of ACL.<BR> <BR> This is for your information and for dissemination to all concerned.
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