Ashok Leyland has acquired 1,70,17,995 shares of Rs.10 each, constituting 3.62% of the paid-up equity share capital of Hinduja Leyland Finance (HLFL), a subsidiary of the Company.
Consequent to the aforesaid acquisition, the Company's shareholding in HLFL stands increased from 61.83% to 65.45%.
The aforesaid acquisition is part of the 6.99% acquisition approved by the Board at the meeting held on 21 March 2020.
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