Ashok Leyland completes acquisition of 38% stake in Hinduja Tech
Ashok Leyland announced that the company has completed the acquisition of 58,500,000 shares of Rs.10/- each of Hinduja
Tech Limited (HTL) from Nissan International Holding BV for a total consideration of
Rs.70.20 crore constituting 38% in the paid-up share capital of HTL. Consequent to the
said acquisition, HTL has become a wholly owned subsidiary of the Company.
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First Published: Feb 26 2021 | 9:37 AM IST