Ashoka Buildcon has further acquired balance 40% stake in quity share capital of Ashoka Bettadahalli Shivamogga Road (ABSRPL) viz., 20000 equity shares of Rs.10/- each for an aggregate consideration of Rs.2 lakh.
ABSRPL is now a wholly owned subsidiary of the Company post the above mentioned acquisition.
ABSRPL executes the Project awarded viz. Four Lanning of Tumkur - Shivamogga Section from Ch.170+415 km. to Ch.226+750 km., Bettadahalli - Shivamogga Section of NH-206 on Hybrid Annuity mode under Bharatmala Pariyojana in the State of Karnataka (Package IV) awarded by National Highways Authority of India (NHAI).
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