Ashok Leyland has received an approval to offer or invite subscriptions for bonds, secured/unsecured, redeemable non-convertible debentures, in one or more series/tranches, aggregating up to Rs 600 crore, subject to approval of the shareholders and such other approvals, as may be required. The Board of Directors of the company at their meeting held on July 31, 2019, approved the same.
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.
