Ashoka Buildcon Limited announced the allotment of 66,50,000 equity shares of ₹10/- each to its wholly-owned subsidiary, Ashoka Infrastructure Limited (AIL), through a Rights Issue. The total value of this transaction was ₹6.65 Crore. Following this allotment, Ashoka Buildcon’s total shareholding in AIL is now 3,30,50,000 shares, maintaining AIL’s status as a 100% owned subsidiary.
Details of Rights Issue Allotment
Ashoka Buildcon Limited confirmed the completion of a crucial internal transaction on March 30, 2026. The Company has allotted a total of 66,50,000 equity shares, each having a face value of ₹10/-, to its wholly-owned subsidiary, Ashoka Infrastructure Limited (AIL), via a Rights Issue. This aggregate transaction is valued at ₹6.65 Crore (Indian Rupees Six Crore Sixty Five Lakhs only).
The consideration for this allotment was made through Cash Consideration. Post-allotment, Ashoka Buildcon Limited now holds a total of 3,30,50,000 fully-paid equity shares of AIL, confirming that AIL remains a wholly owned subsidiary of the Company.
Target Entity Profile: Ashoka Infrastructure Limited (AIL)
AIL, incorporated on July 11, 2002, operates primarily in the Infrastructure sector. The company is focused on building, operating, and transferring (BOT/BOOT) projects, including roadways, bridges, dams, and canals, often working on behalf of government bodies or corporate entities.
Financial Snapshot (Last Three Years)
The document provides a brief financial summary for AIL:
- FY24-25: Turnover of Rs.1,381.15 lakh and a Net Worth of Rs. (5,001.04) lakh.
- FY23-24: Turnover of Rs.0.67 Lakh and Net Worth of Rs. (6,731.44) lakh.
- FY22-23: Turnover of Rs.1.82 Lakh and Net Worth of Rs. (6,672.21) Lakh.
The primary objective of this move is to add value to the core business of Ashoka Buildcon, which is described as a pioneer infrastructure development company in the road and power sectors, currently possessing one of the largest road developer portfolios in India.
Source: BSE
