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Ashoka Buildcon enters into share purchase pact with GVR Infra Projects

30 May 2016 Evaluate

Ashoka Buildcon has entered into a share purchase agreement with GVR Infra Projects by way of transfer of 23% stake (i.e. 12,702,900 equity shares of Rs 10 each) and transfer of beneficial interest of 26% stake (i.e. 14,359,800 equity shares of Rs 10 each) in Ashoka GVR Mudhol Nipani Roads (AGMNRL) for an aggregate consideration of Rs 35.69 crore. The company already holds 51% of the issued and paid-up share capital of AGMNRL.

Ashoka Buildcon is one of the largest highway developers in the country with an impressive portfolio of over 28 PPP (Public Private Partnership) projects. It is present across nine states in the country executing several prestigious projects for National and State Governments.

Ashoka Buildcon Share Price

138.95 1.15 (0.83%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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