Ashoka Buildcon has received the first tranche of investment of Rs 35 crore on January 31, 2019, in respect of investment commitment of Rs 150 crore by Morgan Stanley India Infrastructure (MSII) into City Gas Distribution (CGD) business of Unison Enviro (UEPL), a Subsidiary of the Company, after the transaction closure has been achieved by UEPL.
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.