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Ashoka Buildcon Limited updates on acquisition of stake in Ashoka Highways Durg Limited
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Arabian Gulf Oil Concessions 1911–1953
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The View from a Hill: Making Sense of Ras Dharbat Ali in the Archive
On 20 November 1933, John Gilbert Laithwaite, a civil servant at the India Office, received a letter from Trenchard Craven William Fowle, the Political Resident in the Persian Gulf, in response to Laithwaite’s request for clarification on the spelling of a landmark in Dhofar known as ‘Ras Dharbat Ali’. In his letter, Fowle defers the matter to the Political Agent in Muscat, Major Claude Bremner, and encloses a note from him that is interesting for its moderate digressions.
Extract of a letter from Major Claude Bremner, Political Agent at Muscat, to Trenchard Craven William Fowle, Political Resident in the Persian Gulf, dated 18 October 1933 (IOR/L/PS/12/2962, f 61r)
Ashoka Buildcon enters into SPA with IIF for acquiring 49% stake in SPV
Posted On: 2021-03-04 00:16:14 (Time Zone: Arizona, USA)
Ashoka Buildcon Limited ( the Company ) has entered into a share purchase agreement(SPA) with India Infrastructure Fund (IIF) for purchasing directly or through its subsidiary, 49% stake (i.e.1,27,95,399 equity shares of Rs.10/- each) held by IIF in Ashoka Highways (Bhandara) Limited ( AHBL / SPV ) along with Zero Interest Shareholders Loan for an aggregate consideration of Rs.35,98,00,000/- (Rupees Thirty Five Crore and Ninety Eight Lakh only).
The Company already holds 09 shares in AHBL. Ashoka Concessions Limited, a subsidiary of the Company holds 1,33,17,653 equity shares of Rs.10/- each, i.e. 51% of the issued, subscribed and paid-up capital of AHBL. Post completion of this transaction, the Company along with subsidiary/ies would hold 100% stake in AHBL.