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Ashok Leyland hikes 12.50% stake in Ashley Aviation

10 Jan 2019 Evaluate

Ashok Leyland has acquired additional 5,00,010 shares of Rs 10 each constituting 12.50% in the paid-up share capital of Ashley Aviation (AAL). Consequent to the said acquisition, the Company's shareholding in AAL stands increased to 88.75%. AAL is engaged in the business of aviation sector.

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 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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