Deals21 Nov 2025, 11:21 am
Ashoka Buildcon Extends Completion Date of Subsidiaries' Sale to November 2025
AI Summary
Ashoka Buildcon Ltd. has extended the indicative date for completion of the sale of its subsidiaries to Maple Infrastructure Trust up to November 30, 2025. The subsidiaries include Ashoka Highways (Bhandara) Limited, Ashoka Highways (Durg) Limited, Ashoka Belgaum Dharwad Tollway Limited, Ashoka Sambalpur Baragarh Tollway Limited, and Ashoka Dhankuni Kharagpur Tollway Limited. The initial completion date was extended from October 01, 2025, to November 20, 2025, due to the transaction still being under process. This disclosure is made as per Reg. 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Ashoka Buildcon Ltd. extends the completion date of selling its subsidiaries to November 30, 2025.
- The subsidiaries involved in the transaction are Ashoka Highways (Bhandara) Limited, Ashoka Highways (Durg) Limited, Ashoka Belgaum Dharwad Tollway Limited, Ashoka Sambalpur Baragarh Tollway Limited, and Ashoka Dhankuni Kharagpur Tollway Limited.
- The initial completion date was extended from October 01, 2025, to November 20, 2025, due to the transaction still being under process.
- The buyer is Maple Infrastructure Trust, acting through its investment manager.
- This disclosure is made as per Reg. 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.