Corporate News 20-Feb-17
Ashoka Buildcon provides update on subsidiary - Ashoka Concessions
Ashoka Concessions plans to induct investors to bolster its capital
Ashoka Buildcon announced that Ashoka Concessions ("ACL"), a subsidiary of the Company, has apprised the Company that ACL, in terms of the contractual requirements between ACL and its shareholders and to bolster its capital, ACL is evaluating various options and is planning to commence discussions with potential investors shortly to explore such options. Further, note that the Company along with Macquarie SBI Infrastructure Investment and SBI Macquarie Infrastructure Trust holds the share capital and compulsorily convertible debentures of ACL.
Previous News
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( Hot Pursuit - 20-Sep-23 12:17 )
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