Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest announcement is out from Ashoka Buildcon Limited ( (IN:ASHOKA) ).
Ashoka Buildcon Limited has increased its investment in its wholly owned subsidiary, Ashoka Baswantpur Singnodi Road Private Limited, by subscribing to a rights issue of 14.52 million equity shares at Rs.10 each, for a total cash consideration of Rs.14.52 crore. Following this allotment, Ashoka Buildcon now holds 46.99 million fully paid shares in the subsidiary, which remains wholly owned, strengthening the parent’s stake in an infrastructure asset that posted total income of Rs.171.23 crore and net worth of Rs.135.54 crore in FY 2024-25, and reinforcing its core road-focused portfolio.
More about Ashoka Buildcon Limited
Ashoka Buildcon Limited is an Indian infrastructure development company focused on the road and power sectors. It is among the larger road developers in the country and operates through subsidiaries such as Ashoka Baswantpur Singnodi Road Private Limited, which also belongs to the infrastructure segment and contributes to the group’s core business.
Average Trading Volume: 75,302
Technical Sentiment Signal: Sell
Current Market Cap: 38.43B INR
See more insights into ASHOKA stock on TipRanks’ Stock Analysis page.