Ashoka Buildcon has informed that the company along-with North Haven India Infrastructure Fund (‘NHIIF’), an India focused infrastructure fund managed by Morgan Stanley Investment Management (‘MSIMPL’), has entered into a Share Purchase Agreement (‘SPA’) with Mahanagar Gas (‘MGL’) for the sale of 135,428,600 equity shares held in Unison Enviro (‘UEPL’), a subsidiary of the Company, constituting 100% of the share capital of UEPL for a consideration of Rs 531,00,00,000 subject to satisfaction of customary conditions precedent including regulatory approvals. The details of the transaction required pursuant to SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 are given in Annexure I. Press Release forming part of this disclosure is enclosed in Annexure-II.
The above information is a part of company’s filings submitted to BSE.
