Acquisitions8 Oct 2025, 06:52 pm
Ashoka Buildcon Acquires Major Stake in Ashoka Concessions Limited for INR 882 Crores
AI Summary
Ashoka Buildcon Ltd has acquired 44,57,848 Class A Compulsorily Convertible Debentures (CCDs) of Rs.1007.15 per CCD and 1,15,17,129 Class B Compulsorily Convertible Debentures (CCDs) of Rs.10/- each from Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust. This acquisition is a part of a Securities Purchase Agreement (SPA) and is aimed at facilitating better functioning, efficient decision making, and enabling the company to bid new projects. The total consideration for this acquisition is INR 882,25,48,749.
Key Highlights
- Ashoka Buildcon Ltd acquires a significant stake in Ashoka Concessions Limited.
- The acquisition is part of a Securities Purchase Agreement with Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust.
- The acquisition is aimed at facilitating better functioning, efficient decision making, and enabling the company to bid new projects.
- The total consideration for this acquisition is INR 882,25,48,749.
- The acquisition is subject to monetization of the project assets.