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Ashok Leyland seeks shareholders' nod to raise funds: Report

15 Jun 2015 Evaluate

Ashok Leyland, the Hinduja Group flagship company in India, is seeking shareholders' approval to raise money through Qualified Institutional Buyers (QIBs) and other routes. The proposed fund raising is to support the company's capex, working capital and investment in joint ventures (JVs) and other purposes.

Meanwhile, the company has lined up capex and investment to the tune of around Rs 250-300 crore during the current fiscal.

Ashok Leyland 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 427.70
Ashok Leyland 149.70
Force Motors 16955.80
Olectra Greentech 1085.65
SML Mahindra 6056.90
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