Archive · 2 Oct 2025
Ashoka Buildcon Acquires Majority Stake in JTCL for ₹166 Crore
Ashoka Buildcon bought a large portion of a road project company, JTCL, for about ₹166 crore.
This means Ashoka Buildcon now owns over half of JTCL.
They bought the shares from other investors.
JTCL has a road project in Madhya Pradesh.
The deal allows Ashoka Buildcon to manage the project better.
This should improve the road and help Ashoka Buildcon grow.
The project involves road reconstruction, widening, and rehabilitation on a Build Operate and Transfer basis.
The acquisition was finalized on October 1, 2025.
Ashoka Buildcon acquired a 61.17% stake in Jaora-Nayagaon Toll Road Company.
The acquisition was completed via Ashoka Buildcon's subsidiary, Viva Highways Limited.
The purchase price was ₹166 crore.
The project involves road reconstruction and widening in Madhya Pradesh.
The deal will consolidate Ashoka Buildcon's and its group investments into JTCL.
- Who
- Ashoka Buildcon, Viva Highways Limited, JTCL, Macquarie SBI Infrastructure Investments and SBI Macquarie Infrastructure Trust
- What
- Ashoka Buildcon acquired a majority stake in Jaora Nayagaon Toll Road Company (JTCL)
- When
- Completed on October 1, 2025
- Where
- Madhya Pradesh, India
- Why
- To consolidate holdings and facilitate investor exit.
- Acquired Stake
- 61.17%
- Acquiring Company
- Ashoka Buildcon
- Subsidiary
- Viva Highways Limited
- Seller
- Macquarie SBI Infrastructure Investments and SBI Macquarie Infrastructure Trust
- Purchase Price
- ₹166 crore
- JTCL Income (FY2025)
- ₹265.50 crore
- JTCL Net Worth (FY2025)
- ₹639.89 crore
- Project Type
- BOT (Build Operate and Transfer)
