Ashoka Buildcon has raised Rs 50 crore through Commercial Papers (CPs) on February 27, 2025. Tenure of the instrument is 89 days from the date of allotment. Maturity of said NCDs will be on May 26, 2025.
Earlier, the company’s wholly owned subsidiary -- Ashoka Bowaichandi Guskara Road (SPV) had executed a Concession Agreement with National Highways Authority of India (NHAI) on January 06, 2025.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
