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Ashoka Buildcon Limited ( (IN:ASHOKA) ) has provided an update.
Ashoka Buildcon Limited, along with its subsidiary Ashoka Concessions Limited, has sold its entire 100% stake in five Special Purpose Vehicles (SPVs) to Epic Concesiones 2 Private Limited and other entities for a total consideration of Rs.1,146 Crores. This strategic move is part of the company’s efforts to streamline its operations and focus on core business areas, potentially impacting its market positioning and offering new opportunities for stakeholders.
More about Ashoka Buildcon Limited
Ashoka Buildcon Limited is a prominent player in the infrastructure sector, primarily engaged in the construction and development of highways, bridges, and power transmission projects. The company focuses on delivering large-scale infrastructure projects across India, aiming to enhance connectivity and contribute to the nation’s development.
Average Trading Volume: 77,790
Technical Sentiment Signal: Hold
Current Market Cap: 53.59B INR
See more insights into ASHOKA stock on TipRanks’ Stock Analysis page.