India's Ashoka Buildcon rises as unit sells stake in SPVs

Ashoka Buildcon

27/11/2025 04:26

** Shares of Ashoka Buildcon ABDL.NS rise nearly 3% to 183 rupees, set for third straight session of gains if trend holds

** Stock on track for best session since Oct 31

** The construction firm's unit Ashoka Concessions Limited sells entire stake in five special purpose vehicles (SPVs) for about 18.14 billion rupees ($203.26 million)

** Co selling stake to Maple Infrastructure Trust

** ABDL rated "buy" on avg by eight analysts covering it; median PT at 214 rupees- data compiled by LSEG

** YTD, ADEL stock price nearly halves, down ~93%

($1 = 89.2460 Indian rupees)

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))