Dilip Buildcon board approves plan to divest stakes in subsidiaries
Highway developer Dilip Buildcon on Monday said its board has approved a proposal to divest equity stakes in wholly-owned subsidiaries.
“The board…approved the proposal for divestment either partly or wholly the equity stake of the company in five BOT (HAM projects), namely DBL Mangloor Highways Pvt Ltd, DBL Sangli Borgaon Highways Pvt Ltd, DBL Borgaon Watambare Highways Pvt Ltd, DBL Mangalweda Solapur Highways Pvt Ltd and DBL Chandikhole Bhadrak Highways Pvt Ltd — wholly owned subsidiaries of our company (formed in the nature of special purpose vehicles) — to one or more potential investors,” the company said in a BSE filing.
