Ashoka Buildcon Limited has announced the acquisition of 40,02,250 equity shares valued at ₹4 crore from its wholly owned subsidiary, Viva Infrastructure Limited (VIL), through a Rights Issue. This acquisition was finalised during a meeting held on March 25, 2026.
The acquisition involves fully paid-up equity shares priced at ₹10 each, thereby increasing Ashoka Buildcon‘s total shareholding in VIL to 121,06,750 shares. Despite the new allotment, VIL continues to operate as a wholly owned subsidiary of Ashoka Buildcon.
Viva Infrastructure Limited, incorporated on January 28, 2002, is engaged in infrastructure and real estate development. The company reported a total income of ₹872.21 lakh and a net worth of ₹(9,606.89) lakh for the financial year 2024-25, according to its audited financial statements.
The acquisition is classified as a related party transaction, given that VIL is a wholly owned subsidiary of Ashoka Buildcon. However, the promoter group and associated companies do not hold any interest in VIL.
The primary objective behind this acquisition is to enhance Ashoka Buildcon’s business portfolio, particularly in the infrastructure sector where it is already a leading player. VIL’s focus on infrastructure and real estate is expected to complement Ashoka Buildcon’s existing operations in road and power sector development.
The consideration for this acquisition was entirely in cash, with no share swaps involved. The shares were allotted on the same day as the announcement, March 25, 2026.
VIL’s business activities include the development, maintenance, and operation of various infrastructural projects such as roads, highways, tunnels, and more. The company also engages in generating energy from wind using windmills and related technologies.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).