Ashoka Buildcon’s arms sell stake in in JTCL to NIIF

20 Dec 2022 CW Team

Highway builder Ashoka Buildcon has informed the National Stock Exchange about the sale/disposal of stake in Jaora-Nayagaon Toll Road Company (JTCL) by Ashoka Concessions Ltd (ACL) and Viva Highways Ltd (VHL).

A statement from Ashoka Buildcon said its subsidiaries ACL and VHL entered into a share purchase agreement with National Investment and Infrastructure Fund (NIIF) and JTCL for the sale of 28,70,00,000 equity shares in JTCL, constituting 100% of the share capital of JTCL, and settlement of assets for a consideration of Rs 6.91 billion. The expected date of completion of sale or disposal would be on or before July 31, 2023, subject to the completion of certain conditions, according to a statement shared with the exchange last week.

The current shareholding of ACL and VHL is 37.74 per cent and 10.26 per cent, respectively, and the completion of the above transaction is subject to ACL and/or VHL acquiring the balance equity shares in JTCL held by Macquarie SBI Infrastructure Investments Pte Ltd, SBI Macquarie Infrastructure Trust and other shareholders of JTCL; and the completion of certain conditions precedent including approval of the lenders of JTCL and the Madhya Pradesh Road Development Corporation Ltd.

NIIF is a category II alternative investment fund registered under the SEBI Regulations, 2012, acting through its investment manager, National Investment and Infrastructure Fund.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..