ASHOKABSEASHOKA BUILDCON LTDMediumNeutral
Announced Fri, 31 Jul · 20:20 IST

Extension of timeline for sale of 6 subsidiary road SPVs

Core Business DivestedStrategic Transactions View source PDFExplain this filing

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Price reaction · full curve 14 horizons · vs prior close
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₹120.55
prior close
₹121.92
base price
After-mkt
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AI summary

Ashoka Buildcon extends the indicative completion date for sale of remaining 6 road SPVs to Epic Concesiones 2 and Infrastructure Yield Plus II/IIA (managed by EAAA India Alternatives). 5 of 11 SPVs already sold earlier. New dates: TS-1, TS-2 and TS-3 by Sep 15, 2026; BS by Sep 30, 2026; others to follow. Completion subject to conditions precedent and regulatory or lender approvals.

Likely market impact

Delay in monetising road assets; expected cash inflows pushed to Sep 2026 and beyond, subject to approvals.