Ashok Leyland’s board panel has approved the issuance of listed, secured, redeemable, non-convertible debentures (NCDs) with an aggregate amount up to Rs 300 crore with a green-shoe option of Rs 200 crore on private placement basis, in one or more tranches. The Board of Directors of the company at its meeting held on May 14, 2020, approved the same.
The NCDs will be issued to certain eligible investors permitted to invest in the NCDs under applicable laws and will be listed on the National Stock Exchange.
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
