Ashoka Buildcon Limited has informed the Exchange regarding extension of expected date of completion of sale/disposal of stake in Subsidiaries of the Company and Ashoka Concessions Limited (ACL) up to 30-06-2026
ASHOKA · price
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Ashoka Buildcon has extended the deadline for completing the sale of its stake in 6 remaining road infrastructure SPVs (Special Purpose Vehicles) to June 30, 2026. The company originally entered into Share Purchase Agreements in December 2024 with Epic Concesiones 2 Private Limited and Infrastructure Yield Trust schemes to sell 11 SPVs. The sale of 5 SPVs was already completed in September 2025. The remaining 6 SPVs have delayed completions due to ongoing construction works at some locations, with each SPV to be completed individually after fulfilling conditions precedent.
This is a procedural extension for an ongoing asset sale; the deal structure remains intact. Investors should note the delay is due to construction completion requirements, not deal rejection, and the company continues its asset-light monetization strategy.