Ashoka Buildcon Limited has informed the Exchange that Ashoka Buildcon Limited ( Company ) has entered into a share purchase agreement with GVR Infra Projects Limited by way of :a) transfer of 23% stake (i.e. 12,702,900 equity shares of Rs. 10/- each); andb) transfer of beneficial interest of 26% stake (i.e. 14,359,800 equity shares of Rs. 10/- each)in Ashoka GVR MudholNipani Roads Limited ( AGMNRL )for an aggregate consideration of Rs. 35,69,00,000/- (Rupees Thirty Five Crore Sixty Nine Lacs only). The Company already holds 51% of the issued and paid-up share capital of AGMNRL.The completion of the above transaction is subject to receipt of the certain approvals under the Concessions Agreement and the Lenders of AGMNRL.
source: Businessline
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