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Ashoka Buildcon Limited ( (IN:ASHOKA) ) has provided an announcement.
Ashoka Buildcon Limited has announced the acquisition of all securities held by Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust in Ashoka Concessions Limited (ACL), making ACL a wholly owned subsidiary. This strategic move, completed for an aggregate consideration of Rs.667 crore, allows Ashoka Buildcon to consolidate its control over ACL, enhancing its operational capabilities and potentially strengthening its position in the infrastructure sector.
More about Ashoka Buildcon Limited
Ashoka Buildcon Limited is a prominent player in the infrastructure development industry, primarily focusing on the construction of highways, bridges, power projects, and other infrastructure services. The company is known for its significant contributions to the infrastructure sector in India and aims to expand its market presence through strategic acquisitions and partnerships.
Average Trading Volume: 81,634
Technical Sentiment Signal: Hold
Current Market Cap: 50.12B INR
See more data about ASHOKA stock on TipRanks’ Stock Analysis page.