Ashok Leyland acquires 3.62% equity of subsidiary, Hinduja Leyland Finance

                  

Ashok Leyland acquires 3.62% equity of subsidiary, Hinduja Leyland Finance

Ashok Leyland informed the exchanges via a press release today that further to the company's letters dated March 18, 2020 and March 21, 2020, it has acquired 1,70,17,995 shares of Rs10 each, constituting 3.62% of the paid-up equity share capital of Hinduja Leyland Finance Limited (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 March 21, 2020.

Ashok Leyland Ltd ended at Rs35.65 down by Rs0.35 or 0.97% from its previous closing of Rs36 on the BSE.

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