Divestment30 Jun 2026, 06:10 pm
Ashoka Buildcon Extends SPV Sale Completion Dates
AI Summary
Ashoka Buildcon Limited has announced an extension for the completion of the sale of its stake in several Special Purpose Vehicles (SPVs) and Ashoka Concessions Limited (ACL). This follows earlier announcements regarding Share Purchase Agreements with Epic Concesiones 2 Private Limited and Infrastructure Yield Plus II/IIA. The completion dates for SPVs TS-1, TS-2 & TS-3 are extended to July 31, 2026, and for BS to September 30, 2026. The final completion is contingent on fulfilling conditions precedent and obtaining necessary regulatory and lender approvals.
Key Highlights
- Extension granted for SPV stake sale completion dates.
- New target dates set for July 31 and September 30, 2026.
- Transaction completion subject to conditions precedent.
- Regulatory and lender approvals are still required.
Price Impact
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