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Ashoka Buildcon surges on acquiring balance 40% stake in ABSRPL

30 Sep 2021 Evaluate

Ashoka Buildcon is currently trading at Rs. 100.40, up by 3.00 points or 3.08% from its previous closing of Rs. 97.40 on the BSE.

The scrip opened at Rs. 97.40 and has touched a high and low of Rs. 100.90 and Rs. 97.40 respectively. So far 58737 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 118.65 on 17-Feb-2021 and a 52 week low of Rs. 59.90 on 02-Nov-2020.

Last one week high and low of the scrip stood at Rs. 101.55 and Rs. 96.50 respectively. The current market cap of the company is Rs. 2765.12 crore.

The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 27.79% and 17.73% respectively.

Ashoka Buildcon has further acquired balance 40% stake in equity share capital of Ashoka Bettadahalli Shivamogga Road (ABSRPL) viz., 20000 equity shares of Rs 10 each for an aggregate consideration of Rs 2,00,000. ABSRPL is now a wholly owned subsidiary of the Company post the above mentioned acquisition.

ABSRPLL executes the Project awarded by NHAI viz. Four Lanning of Tumkur - Shivamogga Section from Ch.170+415 km. to Ch.226+750 km., Bettadahalli - Shivamogga Section of NH-206 on Hybrid Annuity mode under Bharatmala Pariyojana in the State of Karnataka (Package IV) awarded by National Highways Authority of India (NHAI). The Project was awarded in March 2019. The Total estimated Cost of the Project is Rs 1157.22 crore. The SPV is in process of completing its financial closure post signing of Concession Agreement.

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

138.95 1.15 (0.83%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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