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ASHOKA BUILDCON LTD. - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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01 Dec 2021
In continuation to the announcement / letter dated September 22, 2021, Ashoka Buildcon Limited (&apos;the Company&apos;) is pleased to inform that the Company&apos;s Subsidiary i.e. Ashoka Concessions Limited (&apos;ACL&apos;) has acquired 49% stake (1,45,60,442 equity shares of Rs.10/- each fully paid) pursuant to share purchase agreement with Highway Concessions One Private Limited (&apos;HC1&apos;) held by HC1 in Ashoka Highways (Durg) Limited (&apos;AHDL / SPV&apos;).&lt;BR&gt; &lt;BR&gt; Post-acquisition of 49% stake, Ashoka Concessions Limited, a subsidiary of the Company along with the Company holds 29715183 (99.999%) shares in AHDL except 1 share held by IDFC Limited w.e.f November 30, 2021. &lt;BR&gt; &lt;BR&gt; Please note that AHDL executes the Project awarded by NHAI viz. &apos;To carry on the business of Construction, Operation and Maintenance End of Durg Bypass - Chattisgarh / Maharashtra Border Section from Km. 322.400 to Km. 405.000 of NH-6 in the state of Chattisgarh under NHDP phase IIIA on BOT basis&apos;.&lt;BR&gt;
View all announcements for ASHOKA BUILDCON LTD. Source: BSE India

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