Ashoka Buildcon zooms on signing SPA with Mahanagar Gas to sell 100% stake in Unison Enviro
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Ashoka Buildcon is currently trading at Rs. 78.15, up by 2.04 points or 2.68% from its previous closing of Rs. 76.11 on the BSE.
The scrip opened at Rs. 76.56 and has touched a high and low of Rs. 79.39 and Rs. 76.56 respectively. So far 136944 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 95.70 on 08-Sep-2022 and a 52 week low of Rs. 69.00 on 25-May-2022.
Last one week high and low of the scrip stood at Rs. 79.39 and Rs. 73.00 respectively. The current market cap of the company is Rs. 2191.04 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 21.47% and 24.04% respectively.
Ashoka Buildcon along with its co-shareholder, an investment fund managed by Morgan Stanley India Infrastructure, has signed a Share Purchase Agreement (SPA) with Mahanagar Gas (MGL) for sale of their 100% stake held in Unison Enviro (UEPL). The SPA will be subject to customary approvals from Regulatory Authorities.
This stake sale validates company’s deep project execution capabilities and has enabled value creation for company’s stakeholders.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
