Ashok Leyland to hike stake in Hinduja Leyland Finance

From 57.22% to 61.90%

Ashok Leyland has entered into a Share Purchase and Shareholders Agreement with EVERFIN HOLDINGS, shareholder of Hinduja Leyland Finance (HLFL), for acquisition of 2,04,92,676 shares of Rs.10/- each constituting 4.68% in the paid-up share capital of HLFL at a price of Rs.110/- per share. Consequent to the above, the Company's shareholding in HLFL will increase from 57.22% to 61.90%.

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