Ashoka Buildcon Incorporates SPV for Gems & Jewellery Park

Ashoka Buildcon Ltd has announced the incorporation of a new Special Purpose Vehicle (SPV), ASHOKA - RDB INFRASTRUCTURE & DEVELOPMENT PRIVATE LIMITED, on July 15, 2026. The SPV is established for the development of a Gems & Jewellery Park under a Public Private Partnership (PPP) mode in Raipur, Chhattisgarh. Ashoka Buildcon holds a 51% stake in this SPV, having subscribed to 5,100 equity shares for ₹51,000. This incorporation is a strategic move to facilitate a significant infrastructure development project in the real estate sector.