Ashoka Buildcon Limited announced the allotment of 40,02,250 equity shares worth ₹4.00 Crore in its wholly owned subsidiary, Viva Infrastructure Limited (VIL), through a Rights Issue on March 25, 2026. This move maintains VIL’s status as a wholly owned subsidiary. The transaction involved a cash consideration, adding to Ashoka Buildcon’s total holding of 12,106,750 shares in VIL. VIL operates primarily in the infrastructure and real estate sectors.
Subsidiary Rights Issue Completion
Ashoka Buildcon Limited has completed the allotment of additional equity shares in its wholly owned subsidiary, Viva Infrastructure Limited (VIL). The allotment, finalized on March 25, 2026, involved 40,02,250 equity shares of ₹10/- each, aggregating to a total consideration of ₹4,00,22,500/- (Indian Rupees Four Crore Twenty-Two Thousand Five Hundred only).
This acquisition was executed via a cash consideration under a Rights Issue by VIL. Post-allotment, Ashoka Buildcon now holds a total of 12,106,750 fully paid-up equity shares in VIL, ensuring that VIL continues to remain a wholly owned subsidiary of the Company.
Details of Viva Infrastructure Limited (VIL)
Financial Performance Summary
The disclosure provides key financial metrics for VIL based on audited statements:
- FY24-25: Turnover of Rs.872.21 Lakh and Net Worth of Rs. (9,606.89) Lakh.
- FY23-24: Turnover of Rs.714.38 Lakh and Net Worth of Rs. (10,307.95) Lakh.
- FY22-23: Turnover of Rs.1,006.71 Lakh and Net Worth of Rs. (9,439.17) Lakh.
Business Objectives
VIL, incorporated on January 28, 2002, is focused on the infrastructure and real estate business, which is strategically aligned with Ashoka Buildcon’s primary operations in the road and power sectors. The main objects of VIL include:
- Undertaking infrastructural projects (roads, bridges, dams, etc.) on a Build-Own-Lease-Transfer (BOLT) basis on behalf of government bodies or private entities.
- Carrying out various infrastructure activities, including development, maintenance, and operations across sectors like Roads, Tunnels, Waterways, Ports, and Telecommunication.
- Engaging in the business of generating, accumulating, distributing, and supplying energy from conventional and renewable sources, including wind and solar power.
Related Party Disclosure
The acquisition does not constitute a related party transaction because VIL is already a wholly owned subsidiary, and as such, the promoter/promoter group companies do not hold any external interest in VIL that would necessitate arm’s length valuation.
Source: BSE
