Ashok Leyland has informed that it attached the intimation filed by Hinduja Leyland Finance (HLFL), its Material Subsidiary, pursuant to Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the allotment of shares to Qualified Institutional Buyers (QIBs) on October 13, 2022. Consequent to the above, the Company's shareholding in HLFL has decreased from 68.80% to 60.43%. The decrease in its holding in HLFL is only due to allotment of shares to QIBs, which is also stated in the attached disclosure made by HLFL. Also informed that the disclosure requirement under Regulation 30(6) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 is not applicable as the dilution is not on account of any sale or disposal of shares by the Company.
The above information is a part of company’s filings submitted to BSE.