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Ashoka Buildcon has informed that the Company has entered into a share purchase agreement (‘SPA’) with GVR Infra Projects (‘GIPL’) and GVR Ashoka Chennai ORR (‘CORR’) for the acquisition of 9,45,00,000 equity shares held by GIPL in CORR, constituting 50% of the share capital of CORR, for a consideration of Rs 185,00,00,000 subject to terms as agreed under the Share Purchase Agreement (‘SPA’) as per the terms of the SPA (Refer Annexure I for further details). The completion of the above transaction is subject to completion of certain conditions precedent. It has informed that approvals of the Lenders of CORR and Government of Tamil Nadu, Authority awarding the Project viz. Tamil Nadu Road Development Corporation, have already been obtained. Post-acquisition of 50% equity shares held by GIPL, CORR would become wholly-owned subsidiary of the Company with effect from the date of acquisition of all 9,45,00,000 equity shares. The details required pursuant to Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 are given in Annexure I.

The above information is a part of company’s filings submitted to BSE. 

Ashoka Buildcon Share Price

124.90 3.15 (2.59%)
10-Apr-2026 16:59 View Price Chart
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