Ashok Leyland’s subsidiary - Hinduja Leyland Finance (HLFL) has withdrawn the Draft Red Herring Prospectus (DRHP) filed with Securities Exchange Board of India (SEBI) for the proposed Initial Public Offering (IPO) of equity shares. The board of directors of HLFL at their meeting held on May 23, 2017 had decided to withdraw the DRHP. The DRHP had been withdrawn from SEBI on June 16, 2017.
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.
| Company Name | CMP |
|---|---|
| Ashok Leyland | 167.90 |
| Force Motors | 20172.85 |
| Olectra Greentech | 1274.60 |
| Tata Motors | 429.30 |
| SML Mahindra | 3869.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: