Ashok Leyland has entered into a Share Purchase and Shareholders Agreement with Everfin Holdings, shareholder of Hinduja Leyland Finance (HLFL), for acquisition of 2,04,92,676 shares of Rs 10 each constituting 4.68% in the paid-up share capital of HLFL at a price of Rs 110 per share.
Consequent to the above, the company’s shareholding in HLFL will increase from 57.22% to 61.90%.
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.
