Dilip Buildcon has received an approval for divestment either partly or wholly the equity stake of the Company in 5 BOT (HAM projects) namely DBL Mangloor Highways, DBL Sangli Borgaon Highways, DBL Borgaon Watambare Highways, DBL Mangalweda Solapur Highways and DBL Chandikhole Bhadrak Highways, wholly owned subsidiaries of the company (formed in the nature of Special Purpose Vehicles (SPVs)) to one or more potential investors (the Investor) and/or dilution of shareholding percentage in the SPVs in such a manner that the company may cease to exercise control over the said SPVs including further issue of share capital/OCD to the Investor by the said SPVs, in a phased manner over a period of time.
The Board of the company at its meeting held on August 26, 2019, approved the same.
Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.
| Company Name | CMP |
|---|---|
| Lodha Developers | 856.15 |
| Dilip Buildcon | 455.10 |
| DLF | 592.60 |
| Oberoi Realty | 1707.70 |
| Ahluwalia Contract(I | 887.10 |
| View more.. | |
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