Ashoka Buildcon Ltd. is pleased to inform that the Companys Wholly Owned Subsidiary viz. Viva Infrastructure Ltd (VIL) has acquired 49% stake (1 27 95 399 equity shares of Rs.10/- each fully paid) held by IIF and the Company has acquired One (1) Equity Share of Rs.10/- held by IDFC Limited in Ashoka Highways (Bhandara) Ltd (AHBL / SPV). This is pursuant to pursuant to share purchase agreement by the Company and Ashoka Concessions Limited with India Infrastructure Fund (IIF). Post-acquisition of 49% stake by VIL Ashoka Concessions Limited a subsidiary of the Company along with the Company and VIL holds 2 61 13 062 (100%) shares in AHBL w.e.f. September 23 2022 Please note that AHBL executes the Project awarded by NHAI viz. To carry on the business of Construction Operation and Maintenance of Chattisgarh / Maharashtra Border - Wainganga Bridge Section from Km. 405.000 to Km. 485.000 of NH-6 in the state of Chattisgarh and Maharashtra under NHDP phase IIIA on BOT basis.