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Ashok Leyland raises Rs 400 crore through NCDs

19 May 2020 Evaluate

Ashok Leyland has raised Rs 400 crore through Rated Listed Secured Redeemable Non-Convertible Debentures (NCDs) and allotted 4,000 NCDs having face value of Rs 10,00,000 on private placement basis. The said NCDs will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India.

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 396.25
Ashok Leyland 145.00
Force Motors 17370.00
Olectra Greentech 951.15
SML Mahindra 4717.95
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