Ashok Leyland is planning to raise Rs 200 crore through the issuance of secured, rated, listed, redeemable Non Convertible Debentures (NCDs) on private placement basis, in one or more tranches/series. The meeting of Fund Raising Committee of the Board of Directors is proposed to be held on June 19, 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.
