Ashoka Buildcon Nashik Based offloads 16 % to IDFC for Rs 700 cr


Deal values the company around Rs 4,500 crore. The deal was sealed at Rs 980 per equity share, sources close to the development said.

In one of the major private equity deals in the country, infrastructure developer Ashoka Buildcon has offloaded 15.62 per cent stake to IDFC’s private equity fund for around Rs 700 crore

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Filed under: Infrastructure, Manufacturing, News Nashik     
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Elizabeth Cherven Said,
June 3rd, 2013 @11:31 pm  

Manufacturing takes turns under all types of economic systems. In a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the state to supply a centrally planned economy. In mixed market economies, manufacturing occurs under some degree of government regulation.’:,`

Best regards

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