Acquisition of 7,46,20,000 equity shares of Rs.10/- each, held by the Investors in JTCL, at consideration of…
As filed · Ashoka Buildcon Limited has informed the Exchange about acquisition of 7,46,20,000 equity shares of Rs.10/- each, held by the Investors in JTCL, at consideration of Rs.1,66,59,93,151/- by its 100% sub
What happened
FactAshoka Buildcon Limited, along with its subsidiaries, has acquired 7,46,20,000 equity shares of Jaora-Nayagaon Toll Road Company Private Limited from investors for a total consideration of Rs.1,66,59,93,151. This acquisition increases the company's shareholding in JTCL to 61.17% of its paid-up share capital. The parties have mutually agreed to extend the Long Stop Date for the transaction to October 31, 2025.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
RevisedSo this is, as we said, it's a contract of INR450 crores to be executed in the next 5 years, where we can take almost around INR100 crores per year.
So presuming it's everything sold off. So it's typically a project to the size of around, say, INR1,000-odd crores, which will be spent over the 5 years and recovered in that similar time.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
- We expect to realize by year-end, we should add another INR 6,000 crores to INR 7,000 crores to the current or (management committed by FY26)
- We are targeting around INR 6,000 crores to INR 7,000 crores across the sectors. (management committed by H2 FY26)
Evidence
- Ashoka Buildcon Limited has informed the Exchange about acquisition of 7,46,20,000 equity shares of Rs.10/- each, held by the Investors in JTCL, at consideration of Rs.1,66,59,93,151/- by its 100% subsidiary, Viva Highways Limited.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%