Announced Tue, 15 Sept · 20:39 IST
Sale of 6 remaining road SPVs extended; TS-1 to TS-3 by October 31, 2026
ASHOKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹111.20
prior close
₹111.37
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-0.9-1.8-2.9-1.9+2.7+1.7———————
Up moveDown movePending
AI summary
Ashoka Buildcon has extended the timeline for selling its remaining 6 road SPVs to funds managed by EAAA India Alternatives. SPVs TS-1, TS-2, TS-3 (where major construction is complete) get a new deadline of October 31, 2026; the other 3 will follow per deal terms. 5 of 11 SPVs were already sold by September 2025. This is the fourth extension since the original December 2024 share purchase agreements.
Likely market impact
Repeated deadline extensions raise deal-closing uncertainty. Final completion will unlock cash and reduce road-project exposure on the books.