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Ashok Leyland acquires balance stake in Ashley Aviation

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Capital Market
Ashok Leyland has completed the acquisition of 4,50,005 shares of Rs 10 each constituting 11.25% in the paid up share capital of Ashley Aviation. Consequent to the said acquisition, the company's shareholding in Ashley Aviation stands increased from 88.75% to 100% making it a wholly owned subsidiary of the company.

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First Published: Feb 04 2019 | 6:54 PM IST

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