Indian Highways Concessions Trust (IHCT) has entered a share purchase agreement with Ashoka Concessions Limited (ACL), a subsidiary of Ashoka Buildon Limited (ABL), to acquire five road assets worth Rs 25.39 billion. The five road assets include Ashoka Highways (Bhandara) Limited, Ashoka Highways (Durg) Limited, Ashoka Belgaum Dharwad Tollway Limited, Ashoka Sambalpur Baragarh Tollway Limited, and Ashoka Dhankuni Kharagpur Tollway Limited. The deal is expected to be completed by March 31, 2025.
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