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Ashoka Buildcon soars as its arm to purchase 8.51% stake in JTCL for Rs 34.19 crore

08 Dec 2015 Evaluate

Ashoka Buildcon is currently trading at Rs. 195.60, up by 4.45 points or 2.33% from its previous closing of Rs. 191.15 on the BSE.

The scrip opened at Rs. 190.80 and has touched a high and low of Rs. 200.75 and Rs. 189.05 respectively. So far 31851 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 205.40 on 15-Apr-2015 and a 52 week low of Rs. 124.00 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 197.50 and Rs. 186.00 respectively. The current market cap of the company is Rs. 3665.13 crore.

The promoters holding in the company stood at 57.23 % while Institutions and Non-Institutions held 29.68 % and 13.08 % respectively.

Ashoka Buildcon’s subsidiary - Viva Highways has entered into a Share Purchase Agreement with PNC Infratech for purchase of 2,44,23,700 constituting 8.51% of share capital of JTCL equity shares of Rs 10 each fully paid for an aggregate consideration of Rs 34.19 crore held in Jaora-Nayagaon Toll Road Company (JTCL).

The completion of the above transaction is subject to the satisfaction of the conditions precedent mentioned in the Share Purchase Agreement, including receipt of the approval of the lenders of JTCL.

JTCL executes the project to carry on the business of Design, Construction, Finance, Strengthening, Widening, Operation and Maintenance on BOT basis for the Four Laning of Jaora - Nayagaon section from Km. 126/200 to 252/200 of State Highways 31 in the State of Madhya Pradesh.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.

Ashoka Buildcon Share Price

138.95 1.15 (0.83%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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