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Ashoka Buildcon on Wednesday informed the exchanges that the NSE has approved its proposal to reclassify Narendra Ramswarup Shakadwipi and Nishant Narendra Shakadwipi from the promoter group category to the public category from March 6.
Earlier, the BSE had also approved the proposal.
The change will reflect in the March 31, 2018, shareholding pattern that the company will disclose to the exchanges. Currently, promoters hold 54.81 per cent stake in the company, of which, these two persons hold 0.29 per cent and 0.60 per cent stake respectively, in the company.
Shares of Ashoka Buildcon gained 0.97 per cent at ₹227.55 on the NSE.
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