Ashoka Buildcon shares up after Fund raise

Ashoka Buildcon Limited, a city-based BOT (build, operate & transfer) operator for infrastructure projects, on Monday announced Rs 150.00 crore investment assurance into its city gas distribution business Unison Enviro Private Limited, which is a wholly-owned subsidiary of Ashoka Buildcon, by Morgan Stanley India Infrastructure.

Ashoka Buildcon stock reacted positively with this development on Tuesday’s trade.  The stocks jumped over 8 percent in the opening trade.  However, during mid-morning the stocks changed a little and is trading at Rs. 132 per share, up by 4 percent on the NSE, whose benchmark index NSE trade lower at 10829-marks, down 58 points, meantime BSE benchmark quotes at 36071, down 198 points.

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