Ashoka Buildcon surges on acquiring 1.60 crore equity shares in Ashoka GVR Mudhol Nipani Roads

05 Feb 2020 Evaluate

Ashoka Buildcon is currently trading at Rs. 108.30, up by 1.25 points or 1.17% from its previous closing of Rs. 107.05 on the BSE.

The scrip opened at Rs. 107.05 and has touched a high and low of Rs. 109.90 and Rs. 106.85 respectively. So far 12903 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 155.00 on 30-May-2019 and a 52 week low of Rs. 89.50 on 10-Dec-2019.

Last one week high and low of the scrip stood at Rs. 116.90 and Rs. 102.20 respectively. The current market cap of the company is Rs. 3062.69 crore.

The promoters holding in the company stood at 54.26%, while Institutions and Non-Institutions held 36.52% and 9.23% respectively.

Ashoka Buildcon has further acquired 1.60 crore equity shares of Ashoka GVR Mudhol Nipani Roads (SPV) held by GVR Infra Projects. The Company now holds 5.52 crore (99.99%) equity shares of Rs 10 each fully paid in the SPV. The Company had already paid in earlier year’s aggregate consideration of Rs 35.69 crore. Prior to acquisition the company was holding 71% of the paid-up share capital of SPV.

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.



Ashoka Buildcon Share Price

158.65 -0.85 (-0.53%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3774.10
Rail Vikas Nigam 252.95
KEC International 694.00
Kalpataru Projects 1075.45
NCC 232.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.