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Ashok Leyland concludes sale of residential property at Chennai

20 Aug 2014 Evaluate

Ashok Leyland has completed the sale of the residual section of one of its residential properties located at Chennai as part of its strategy to sell non-core assets. With this transaction, the sale of the entire property stands completed, for a total consideration of Rs 210 crore, the proceeds of which has since been received by the company fully.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 396.25
Ashok Leyland 145.00
Force Motors 17370.00
Olectra Greentech 951.15
SML Mahindra 4717.95
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