Ashoka Buildcon Limited is a Fortune India 500 company and one of the leading highway developers in India. (Image: Ashoka Buildcon) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Ashoka Buildcon on Thursday said it has acquired a majority stake in Jaora Nayagaon Toll Road Company Private Limited (JTCL) for Rs 166 crore.

Ashoka Buildcon, in a regulatory filing, said the acquisition is pursuant to the securities purchase agreement with Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust (collectively 'investors') for the acquisition of all investments of the investors in JTCL.

"Ashoka Buildcon's subsidiary Viva Highways Limited has today acquired 7,46,20,000 equity shares of Rs 10 each, held by the investors in JTCL, at a considerat

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