New Delhi, Oct. 2 -- Ashoka Buildcon Limited has significantly increased its stake in Jaora-Nayagaon Toll Road Company Private Limited (JTCL) to 61.17%, it said in a stock exchange filing on 2 October. This move is part of a strategic effort to consolidate its holdings and enhance operational efficiency within its road infrastructure portfolio.

The acquisition was executed through Ashoka Buildcon's subsidiary, Viva Highways Limited, which purchased 7,46,20,000 equity shares from Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust - valued at Rs.166.59 crore.

The acquisition aligns with Ashoka Buildcon's broader objective of enhancing its infrastructure development capabilities. JTCL, which operate...