The investors, in case of their exit from ACL, shall be entitled to receive an aggregate consideration which shall not be less than Rs1100cr along with an agreed interest component (calculated on and from January 01, 2021) subject to a cap of Rs1200cr applicable till December 31, 2021 or such later date as may be mutually agreed with the Investors and thereafter further interest if any subject to receipt of interest out of ACL Asset Sale Process.
The said payment of consideration including above interest ("Amount") is subject to the receipt of proceeds from ACL Asset Sale Process and/or the abovementioned restructuring of Investors' investment. The rights of the Investors with respect to ACL under the SHA shall stand revised to the extent specified in the Agreement till the afore-mentioned Amount is paid as per the Agreement and shall be terminated upon receipt of the Amount by Investors and in case Amount is not received, then all the rights under the SHA will be reinstated to Investor.
The company had intimated on August 13, 2012 in relation to the Rs800cr investment by Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust (collectively, the "Investors") in ACL, i.e. a subsidiary of the Company.
Ata round 11.38 am, Ashoka Buildcon Ltd was trading at Rs120.40 per piece up by Rs3.55 or 3.04% from its previous closing of Rs116.85 per piece on the BSE. The scrip opened at Rs123.10 and has touched a high and low of Rs123.70 and Rs119.25 respectively.