Viva Highways Ltd acquires NCDs of Ashoka Concessions Ltd

On September 20, 2023, Viva highways Limited (VHL), a wholly owned subsidiary of Ashoka Buildcon Limited has acquired 100, fully paid-up, 9.21%, nonconvertible debentures and 200 fully paid-up, 9.24%, non-convertible debentures, of Rs.10,00,000/- each, issued by Ashoka Concessions Limited, through open market purchase for an aggregate consideration of Rs.30.6221 Crore.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 105.90 as compared to the previous close of Rs. 105.60. The total number of shares traded during the day was 254353 in over 2645 trades.

The stock hit an intraday high of Rs. 109.75 and intraday low of 105.50. The net turnover during the day was Rs. 27145238.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 VivaHighways Acquisition NCDs AshokaConcessions