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ASHOKA BUILDCON LTD. - Intimation To Stock Exchanges Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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15 Oct 2021
This is further to the intimation by Ashoka Buildcon Limited (the &apos;Company&apos;) 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 &apos;Investors&apos;) in Ashoka Concessions Limited (&apos;ACL&apos;), i.e. a subsidiary of the Company.&lt;BR&gt; &lt;BR&gt; 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 &apos;SHA&apos;) between Company, ACL and the Investors, the Company has entered into an agreement on October 15, 2021 with ACL and Investors (&apos;Agreement&apos;), to elaborate on the terms of understanding in relation to the exit options for the Investors through proceeds from sale of ACL assets (&apos;ACL Asset Sale Process&apos;) and / or through restructuring of investment by swapping into identified asset/SPV of ACL.&lt;BR&gt; &lt;BR&gt; This is for your information and for dissemination to all concerned.
View all announcements for ASHOKA BUILDCON LTD. Source: BSE India