Ashoka Buildcon Limited announced that it has acquired 44,57,848 Class A Compulsorily Convertible Debentures (CCDs) at Rs 1,007.15 per CCD and 1,15,17,129 Class B CCDs at Rs 10 each, totaling Rs 882.25 crore. The acquisition forms part of a Securities Purchase Agreement (SPA) with Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust, facilitating a full exit for the investors from Ashoka Concessions Limited (ACL).
The company also confirmed that the parties have mutually agreed to extend the Long Stop Date to October 31, 2025, as the acquisition process for the remaining CCDs is underway and contingent upon project asset monetization.
ACL, incorporated in April 2011, reported a total income of Rs 151.16 crore and a net worth of Rs 990.70 crore in FY25. The transaction has received approval from the National Highways Authority of India (NHAI).
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