According to a filing by the company with the stock exchange, Ashoka Buildcon Ltd has signed a share purchase agreement and other transaction documents with Indian Highways Concession Trust to sell its five road assets for Rs 2,539 crore.

The company will sell its entire share stake in subsidiaries. These include Ashok Highway (Bhandara) Limited, Ashok Highway (Durg) Limited, Ashok Belgaum Dharwad Tollway Limited, Ashok Sambalpur Baragarh Tollway Limited and Ashok Dhankuni Kharagpur Tollway Limited.

This transaction is expected to be completed by March 31, 2025. The company said on November 1 that an order of Rs 312 crore has been received. This order has been received from the Maharashtra government. Share performance -  The stock has been declining for three months. The stock has fallen 6 percent during this period. At the same time, the stock has given a return of 80 percent in a year. The market cap of the company is Rs 6000 crore. For the last one year, FIIs i.e. foreign institutional investors have bought shares fiercely. In September 2023, the stake was 2.97 percent. At the same time, in September 2024, it has increased to 7.95 percent.