Ashoka Buildcon Pushes Stake Sale Deadline to September Amid Strategic Reshuffle

Ashoka Buildcon Ltd has extended the timeline for completing the sale of its stake in five subsidiaries under Ashoka Concessions Ltd (ACL), a material unlisted arm of the company. The new indicative date is now September 30, 2025, revised from the earlier deadline of June 30. The extension was mutually agreed upon with the proposed buyer, Maple Infrastructure Trust (formerly Indian Highway Concessions Trust), as certain conditions precedent are still being finalized.

 

The transaction involves the sale of the entire share capital and repayment of shareholder loans in five key subsidiaries: Ashoka Highways (Bhandara), Ashoka Highways (Durg), Ashoka Belgaum Dharwad Tollway, Ashoka Sambalpur Baragarh Tollway, and Ashoka Dhankuni Kharagpur Tollway. These assets are part of Ashoka Buildcon’s broader divestment strategy aimed at unlocking value and streamlining its infrastructure portfolio.

 

Key Highlights:

This extension signals a cautious but deliberate approach to executing one of the company’s most significant asset monetization deals.

 

Source: Moneycontrol, Rediff MoneyWiz, Ashoka Buildcon Investor Presentation