HDFC Mutual Fund on account of HDFC Equity Fund has reportedly bought 75 lakh shares or 4.74% stake of Ashoka Buildcon through the open market route. The shares were purchased on an average price of Rs 54 valuing the transaction to Rs 40.50 crore.
Meanwhile, HDFC MF has also purchased 20 lakh shares or 1.26% stake of Ashoka Buildcon on the account of HDFC Infrastructure Fund through the open market route. The shares were purchased on an average price of Rs 54 valuing the transaction to Rs 10.80 crore.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
