Rights Issue29 Apr 2026, 06:51 pm
Ashoka Buildcon's WOS allots ₹14.52 Cr shares via rights issue
AI Summary
Ashoka Baswantpur Singnodi Road Private Limited (ABSRPL), a wholly-owned subsidiary of Ashoka Buildcon Ltd, has allotted 1,45,20,000 equity shares of ₹10 each, totaling ₹14.52 Crore, to Ashoka Buildcon under a rights issue on April 29, 2026. Post-allotment, Ashoka Buildcon now holds 4,69,90,000 equity shares in ABSRPL, maintaining its wholly-owned subsidiary status. ABSRPL, incorporated in April 2022, operates in the infrastructure sector, specifically developing a 6-lane access-controlled Greenfield highway project for NHAI. For FY2024-25, ABSRPL reported a total income of ₹17,123.43 lakh and a net worth of ₹13,554.15 lakh.
Key Highlights
- Ashoka Buildcon invested ₹14.52 Cr in its WOS, ABSRPL, via a rights issue.
- ABSRPL allotted 1.45 Cr equity shares of ₹10 each to the parent company.
- Ashoka Buildcon retains 100% ownership of ABSRPL post-allotment.
- ABSRPL is an infrastructure SPV for a NHAI highway project.
- ABSRPL reported ₹171.23 Cr total income and ₹135.54 Cr net worth for FY25.
Price Impact
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