Ashoka Buildcon Limited Incorporates Special Purpose Vehicle for Chhattisgarh Infrastructure Project
Ashoka Buildcon Limited has announced the incorporation of a new entity, ASHOKA - RDB INFRASTRUCTURE & DEVELOPMENT PRIVATE LIMITED, as a Special Purpose Vehicle (SPV). The company was incorporated on July 15, 2026, in collaboration with RDB Real Estate Constructions Limited.The newly formed entity will operate within the real estate industry. Ashoka Buildcon Limited holds a majority stake of 51% in the SPV, representing 5,100 equity shares. The investment was made through cash consideration at a subscription price of Rs. 10 per share, totaling an aggregate value of Rs. 51,000.
The primary objective of this Special Purpose Vehicle is the development of a Gems and Jewellery Park. This project is set to be developed under the Public Private Partnership (PPP) mode at Krishi Upaj Mandi, Mandi Road, Pandri, Raipur in Chhattisgarh.
The details of the incorporation and shareholding structure are outlined below:
| Particulars | Details |
|---|---|
| Name of Entity | ASHOKA - RDB INFRASTRUCTURE & DEVELOPMENT PRIVATE LIMITED |
| Date of Incorporation | July 15, 2026 |
| Country of Incorporation | India |
| Industry | Real Estate |
| Primary Business Activity | Development of Gems and Jewellery Park under PPP mode in Raipur, Chhattisgarh |
| Holding Company | Ashoka Buildcon Limited |
| Percentage of Shareholding | 51% |
| Number of Shares Allotted | 5,100 equity shares |
| Subscription Price per Share | Rs. 10 |
| Total Consideration | Rs. 51,000 |
ASHOKA Stock Price Movement
As of 12:29 PM, shares of Ashoka Buildcon Limited are slipping 1.00% to ₹126.94 in live trading. The stock is seeing a volume of 207,994 shares as it tests the daily low of ₹126.6.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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