PE firm Everstone to invest $34 mln in Hinduja Leyland Finance

MUMBAI (Reuters) - India and Southeast Asia-focused private equity firm Everstone Group has agreed to invest 2 billion rupees for a significant minority stake in commercial vehicle financing firm Hinduja Leyland Finance, the companies said on Monday.

The Chennai-based non-banking finance company is owned by the Hinduja Group, which runs India's second-biggest bus and truck maker Ashok Leyland .

Ernst & Young and boutique investment bank Spark Capital were the advisors to the transaction, the companies said.

(Reporting by Indulal PM; Editing by Jijo Jacob)