CCI gives nod to ABL to acquire 34 per cent stake in ACL

February 3, 2025

The Competition Commission of India has approved Ashoka Buildcon’s plan to acquire a 34 per cent stake in Ashoka Concessions Limited (ACL). Currently, Ashoka Buildcon Limited owns a 66 per cent stake in ACL. With the acquisition of the remaining stake, ACL will convert to a wholly owned subsidiary of the company. In October 2024, the company signed a share purchase agreement with the SBI Macquarie Infrastructure Trust and Macquarie SBI Infrastructure to acquire the remaining 34 per cent stake in ACL for Rs 15.26 billion