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Ashok Leyland acquires 3.62% stake in Hinduja Leyland Finance

Capital Market 

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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 25 2020. 09:13 IST
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