Ashoka Buildcon has informed that Ashoka Concessions (ACL), a subsidiary of the Company, has apprised the Company that ACL, in terms of the contractual requirements between ACL and its shareholders and to bolster its capital, ACL is evaluating various options and is planning to commence discussions with potential investors shortly to explore such options. Further, the Company along with Macquarie SBI Infrastructure Investment and SBI Macquarie Infrastructure Trust holds the share capital and compulsorily convertible debentures of ACL. The Company will keep the stock exchanges informed as and when definitive developments take place.
The above information is a part of company’s filings submitted to BSE.
