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Ashoka Buildcon signs SPA with Mahanagar Gas to sell 100% stake in Unison Enviro

06 Mar 2023 Evaluate

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.

Peers
Company Name CMP
Larsen & Toubro 3632.00
Kalpataru Projects 1368.90
NCC 125.55
Rail Vikas Nigam 199.75
KEC International 352.15
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