Ashoka Buildcon raises USD 150 mn
Hotline: 1800 102 2007
X
Search Business Opportunities
2012-08-14

Ashoka Buildcon raises USD 150 mn

Ashoka Buildcon Limited (“Ashoka”) has announced that Macquarie SBI Infrastructure Fund (MSIF) and SBI Macquarie Infrastructure Trust (SMIT), both of which are private equity funds managed by the State Bank of India and Macquarie, will together invest

 

Ashoka Buildcon Limited (“Ashoka”) has announced that Macquarie SBI Infrastructure Fund (MSIF) and  SBI Macquarie Infrastructure Trust (SMIT), both of which are private equity funds  managed by the State Bank of India  and  Macquarie, will together invest USD 150 mn in Ashoka’s 100 per cent subsidiary Ashoka Concessions Limited (“ACL”).

Ashoka is a leading highway concessionaire and EPC company, which is listed on the BSE & NSE.  With its 16 years of experience as a highway developer, Ashoka has till date executed -3,100 lane kms of  highways. One of the pioneers in the road PPP space in India, Ashoka currently has a portfolio of 25 BOT road projects - 20 operational BOT projects and 5 BOT projects under construction/development.  Ashoka witnessed the first private equity placement from a pedigreed investor, IDFC Private Equity in 2006. The Company got listed in 2010 with a market capitalization of Rs. 1,700 cr. 

ACL will currently domicile a portfolio of 7 large sized projects amounting to a project cost of.~ USD 1.6 bn.  It is raising USD 150 mn from private equity funds managed by the above Joint Venture for funding the existing portfolio of ACL. While Ashoka shall continue to bring in its engineering, construction and project management capability, association with the SBI Macquarie Joint Venture  will  enhance  its  credentials.  

 Ernst & Young acted as the exclusive financial advisor to Ashoka for this fund raising exercise.  

Related opportunities
  • Casual dine Restaurants
    About Us  Inspired by the Indian Culture , Masala country an..
    Locations looking for expansion New Delhi
    Establishment year 2005
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
  • Women's clothing
    About: 50 Shades is a venture of Zuhana Exporters Pvt. Ltd...
    Locations looking for expansion Tamil nadu
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Ice creams & Yogurt Parlors
    About Us: Scoop On - Unique Premium Ice Cream Manufacturing &..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Hyderabad Andhra pradesh
  • Art, Craft, Antique & Framing
    About: Shilpa Suneja Designs is a venture of Incandescent Papers Pvt...
    Locations looking for expansion Delhi
    Establishment year 1977
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts