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Ashok Leyland acquires 27.25% more stake in AAL; shareholding ups 76.25%

Shares of Ashok Leyland Wednesday ended 2.44 per cent down to Rs 100.05 apiece on the BSE

Press Trust of India  |  New Delhi 

Ashok Leyland

flagship firm Wednesday said it has acquired 27.25 per cent additional stake in (AAL), raising its shareholding in the firm to 76.25 per cent.

The company has acquired 10,89,985 shares of 10 each constituting 27.25 per cent in the paid-up share capital of AAL at a price of 5.10 per share, said in a regulatory filing.

The Chennai-based firm said it has acquired the shares for 55.59 lakh.

Consequent to this, the company's shareholding in AAL has increased from 49 per cent to 76.25 per cent, it added.

"The company has also obtained the approval of the in this regard," said.

AAL is in the aviation sector.

Shares of Ashok Leyland Wednesday ended 2.44 per cent down to Rs 100.05 apiece on the BSE.

First Published: Wed, January 02 2019. 18:40 IST
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