Divestment31 Jul 2026, 08:31 pm
Ashoka Buildcon Extends SPV Sale Completion Timelines
AI Summary
Ashoka Buildcon Limited has announced an extension for the completion of the sale of six Special Purpose Vehicles (SPVs) to Epic Concesiones 2 Private Limited and Infrastructure Yield Plus II/IIA. This follows earlier announcements regarding the sale of these subsidiaries. The indicative completion dates for SPVs TS-1, TS-2, and TS-3 are extended to September 15, 2026, and for BS to September 30, 2026, with others to follow. The extension is to facilitate the fulfillment of conditions precedent and other transaction terms. Final completion is subject to regulatory and lender approvals.
Key Highlights
- Sale of six SPVs to Proposed Investor faces extended completion timelines.
- Indicative completion dates for TS-1, TS-2, TS-3 extended to Sep 15, 2026.
- Indicative completion date for BS extended to Sep 30, 2026.
- Extension aims to meet conditions precedent and transaction terms.
- Final completion contingent on regulatory and lender approvals.
Price Impact
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