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Ashoka Buildcon informs about updates on acquisition

16 Mar 2024 Evaluate
In continuation to its letter dated March 14, 2024, Ashoka Buildcon has informed that the Company, has acquired 4,91,39,970 equity shares of Rs 10 each fully paid-up, from GVR Infra Projects held in GVR Ashoka Chennai ORR (‘CORR’), an Associate Company, out of total 9,45,00,000 equity shares to be acquired. CORR has become subsidiary of the Company post-acquisition of these shares.

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