Ashoka Buildcon acquires majority stake in JTCL for Rs 166 croreLast Updated: October 02, 2025, 21:00 ISTRepresentational image (Image: News18)New Delhi, Oct 2 (PTI) Ashoka Buildcon on Thursday said it has acquired a majority stake in Jaora Nayagaon Toll Road Company Private Limited (JTCL) for Rs 166 crore. Recommended Stories“Ashoka Buildcon’s subsidiary Viva Highways Limited has today acquired 7,46,20,000 equity shares of Rs 10 each, held by the investors in JTCL, at a consideration of Rs 1,66,59,93,151. Jaora Nayagaon Toll Road Company Private Limited (JTCL) has a total income of Rs 265.50 crore and a net worth of Rs 639.89 crore, based on audited financial statements of FY 2025. This acquisition will consolidate the company and its group investments into JTCL and facilitate exit for Investors. PTI BKS BAL BALFirst Published: October 02, 2025, 21:00 ISTNews agency-feeds Ashoka Buildcon acquires majority stake in JTCL for Rs 166 croreDisclaimer: Comments reflect users’ views, not News18’s.