IRCON International Limited has launched an asset monetization plan to strategically sell its 100% stake in four completed road assets. The assets include Ircon Shivpuri Guna Tollway, Ircon PB Tollway, Ircon Davanagere Haveri Highway, and Ircon Vadodara Kim Expressway. This move is in accordance with the guidelines set by the Department of Investment and Public Asset Management (DIPAM).
Strategic Asset Monetisation Initiative
IRCON International Limited has formally initiated a strategic asset monetization plan, signaling a significant step in its approach to asset management. The company intends to undertake the sale of its complete 100% stake in four key road infrastructure projects that have been successfully completed.
Key Road Assets Targeted for Sale
The four road assets slated for divestment are:
- Ircon Shivpuri Guna Tollway
- Ircon PB Tollway
- Ircon Davanagere Haveri Highway
- Ircon Vadodara Kim Expressway
This strategic decision aligns with the established guidelines provided by the Department of Investment and Public Asset Management (DIPAM), a crucial government body overseeing public sector asset management.
The announcement, dated November 4, 2026, was made to regulatory bodies including the BSE Limited and the National Stock Exchange of India Limited, in compliance with SEBI Listing Regulations.
Source: BSE
