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Ashoka Buildcon Ltd
Disclosure Regarding The Sale Of Shares Held By The Company In Its Wholly Owned Subsidiary
05:09 PM, 8th Apr 2025
Pursuant to the provisions of Regulations 30 of the SEBI (LODR) Regulations 2015 Ashoka Buildcon Limited (the Company) informs that as part of a strategic restructuring the Company has sold 51% of its shareholding (2550 equity shares) held in Prakashmaan Renewable Energy Private Limited (Prakashmaan) to Sunbreeze Renewables Private Limited (Sunbreeze).The Company informs that the Company has sold 2550 Equity Shares of Rs. 10/- each full paid-up in Prakashmaan for a consideration of Rs. 19800000/-.Subsequent to this transaction the Company will hold 2450 Equity Shares (49%) and Prakashmaan will become an Associate Company.
