In continuation to letters dated March 18, 2020 and March 21, 2020, Ashok Leyland has informed that the Company has acquired 1,70,17,995 shares of Rs 10 each, constituting 3.62% of the paid-up equity share capital of Hinduja Leyland Finance (‘HLFL’), a subsidiary of the Company. Consequent to the aforesaid acquisition, the Company’s shareholding in HLFL stands increased from 61.83% to 65.45%. The aforesaid acquisition is part of the 6.99% acquisition approved by the Board at the meeting held on March 21, 2020. The details required under Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given as an annexure. In line with the circular issued by Stock Exchange(s), this intimation is filed without signature due to administrative reasons.
The above information is a part of company’s filings submitted to BSE.
