Ashok Leyland is planning to raise Rs 300 crore with a green-shoe option of Rs 200 crore on private placement basis, by issue of secured, rated, listed, redeemable Non-Convertible Debentures, in one or more tranches/series.
The meeting of Fund Raising Committee of the Board of Directors is proposed to be held on May 14, 2020 to consider and approve 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.
