$ASHOKA has received a Letter of Acceptance from CSIDC for developing a Gems & Jewellery Park in Raipur under PPP mode, involving a ₹112.40 crore one-time premium. The company leads the Joint Venture with a 51% stake, covering 38,922 sq. mtrs with a 5-year construction timeline and a 30-year lease extendable to 90 years. Lease rent is set at 2% of the premium with 10% escalation every fourth year. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.