Team News Riveting
Mumbai, December 1
Ashoka Buildcon Limited has informed that the company’s Subsidiary Ashoka Concessions Limited (ACL) has acquired 49 per cent stake (1,45,60,442 equity shares of Rs.10/- each fully paid) pursuant to share purchase agreement with Highway Concessions One Private Limited (HC1) held by HC1 in Ashoka Highways (Durg) Limited (AHDL).
Post-acquisition of 49 per cent 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.
AHDL executes the Project awarded by NHAI viz. ‘To carry on the business of Construction, Operation and Maintenance End of Durg Bypass – Chhattisgarh / Maharashtra Border Section from Km. 322.400 to Km. 405.000 of NH-6 in the state of Chattisgarh under NHDP phase lIIA on BOT basis’.
