Ashok Leyland updates on status of subsidiary

Hinduja Tech - HTL (formerly Defiance Technologies) become subsidiary on induction of strategic investor

Ashok Leyland announced that M/s. Hinduja Tech - HTL (formerly Defiance Technologies) a Wholly Owned Unlisted Subsidiary (WOS -100%) of Ashok Leyland (AL), has now become a Subsidiary Company.

To unlock value, HTL has roped in a strategic investor to subscribe to the equity share capital of the Company. Consequent to the allotment of equity shares to the strategic investor, the holding of AL now stands at 68%.

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