Ashoka Buildcon along with its co-shareholder, an investment fund managed by Morgan Stanley India Infrastructure, has signed a Share Purchase Agreement (SPA) with Mahanagar Gas (MGL) for sale of their 100% stake held in Unison Enviro (UEPL). The SPA will be subject to customary approvals from Regulatory Authorities.
This stake sale validates company’s deep project execution capabilities and has enabled value creation for company’s stakeholders.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
