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Ashoka Buildcon acquires 50% equity shares of VIPL

02 Apr 2012 Evaluate

Ashoka Buildcon has acquired 50% equity shares of Viva Infrastructure (VIPL) at par value. Pursuant to this acquisition, VIPL which had been an associate has now become the subsidiary company.

Further, Ashoka Buildcon now holds 99% of the paid-up share capital of VIPL.

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.

Peers
Company Name CMP
Larsen & Toubro 4042.10
Kalpataru Projects 1372.65
NCC 122.45
Rail Vikas Nigam 193.50
KEC International 329.80
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