News > CCI approves Ashoka Buildcon's acquisition of 34% stake in Ashoka Concessions
CCI approves Ashoka Buildcon's acquisition of 34% stake in Ashoka Concessions

The Hindu Business Line | 14/01/2025 09:39 PM | Click to read full article
Ashoka Buildcon Ltd (ABL) owns a 66 per cent holding in Ashoka Concessions Ltd (ACL). After the CCI's approval, ACL will become a wholly-owned subsidiary of ABL. The proposed combination relates to the acquisition of 34 per cent equity shareholding of Ashoka Concessions by Ashoka Buildcon and certain convertible instruments of ACL by ABL and Viva Highways, CCI said. Viva Highways is a subsidiary of Ashoka Buildcon.