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Ashok Leyland gains on acquiring LCV business from Nissan Motor Corporation

28 Nov 2016 Evaluate

Ashok Leyland is currently trading at Rs. 78.10, up by 1.05 points or 1.36% from its previous closing of Rs. 77.05 on the BSE.

The scrip opened at Rs. 77.50 and has touched a high and low of Rs. 78.30 and Rs. 77.10 respectively. So far 89,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 112.80 on 13-Apr-2016 and a 52 week low of Rs. 73.60 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 80.50 and Rs. 73.60 respectively. The current market cap of the company is Rs. 22,226.30 crore.

The promoters holding in the company stood at 50.38%, while Institutions and Non-Institutions held 18.70% and 30.92% respectively.

Ashok Leyland has completed the acquisition of Nissan Motor Co’s stake in each of the three joint ventures (JVs) formed between the two companies, namely, Ashok Leyland Nissan-Vehicles, Nissan-Ashok Leyland Powertrain and Nissan-Ashok Leyland Technologies.

In September 2016, Ashok Leyland and Nissan had reached a new arrangement in which Nissan would transfer its ownership in the three JVs to Ashok Leyland subject to statutory approvals. With all necessary statutory approvals now in place the acquisition was completed for a consolidated consideration of Rs 3 paid by Ashok Leyland for all the shares of the three JVs.

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.



Ashok Leyland Share Price

172.95 -1.80 (-1.03%)
20-Apr-2026 09:44 View Price Chart
Peers
Company Name CMP
Ashok Leyland 172.95
Force Motors 21900.00
Olectra Greentech 1195.00
Tata Motors 431.30
SML Mahindra 4205.05
View more..

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