Ashoka Buildcon Limited — Important, 05-01-2025: General Updates

Ashoka Buildcon Limited has been allotted 40,02,250 equity shares of Rs.10/- each, totaling Rs.4.02 Crore, under a Rights Issue by its wholly owned subsidiary, Viva Infrastructure Limited (VIL). Following this allotment, the company now holds 81,04,500 equity shares in VIL. VIL, with a total income of Rs.714.38 lakh and a net worth of Rs.(10,307.95) lakh for FY 2024, operates in the infrastructure sector, focusing on comprehensive projects like roads and power developments. This strategic move enhances Ashoka Buildcon's portfolio, aligning with its strengths in infrastructure development, particularly in the roads sector, offering a **positive outlook** for future growth and operations.