MoneyWorks4Me

Ashoka Buildcon’s arm acquires NCDs in Ashoka Concessions

21 Sep 2023 Evaluate

Ashoka Buildcon’s wholly owned subsidiary -- Viva highways (VHL) has acquired 100, fully paid-up, 9.21%, nonconvertible debentures and 200 fully paid-up, 9.24%, non-convertible debentures, of Rs 10 lakh each, issued by Ashoka Concessions, through open market purchase for an aggregate consideration of Rs 30.62 crore.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.

Peers
Company Name CMP
Larsen & Toubro 3879.00
Kalpataru Projects 1391.05
NCC 132.85
Rail Vikas Nigam 206.80
KEC International 396.95
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