Ashoka Buildcon Ltd. Allots Shares to Subsidiary Viva Infrastructure Limited
Ashoka Buildcon Limited announced the allotment of 40,02,250 equity shares to its wholly-owned subsidiary, Viva Infrastructure Limited (VIL), under a rights issue. The allotment, finalized on March 25, 2026, represents a value of Rs. 4.00 crore.Following the share allotment, Ashoka Buildcon Limited now holds a total of 121,06,750 equity shares in VIL, and VIL remains a wholly-owned subsidiary.
VIL, incorporated on January 28, 2002, reported a total income of Rs. 872.21 lakh and a net worth of Rs. (9,606.89) lakh based on its audited financial statements for the fiscal year 2024-25. The company operates within the infrastructure sector, a field where Ashoka Buildcon is a significant player.
Financial Details:
| Particulars | Details |
|---|---|
| Total Shares Allotted | 40,02,250 |
| Value of Shares Allotted | Rs. 4.00 Crore |
| Total Shares Held Post-Allotment | 121,06,750 |
| Cost of Acquisition | Rs. 4,00,22,500/- |
According to its filings, VIL’s business activities include developing and maintaining infrastructure projects such as roadways, bridges, and energy generation.
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