Ashok Leyland has raised Rs 200 crore through Rated Listed Secured Redeemable Non-Convertible Debentures (NCDs) and allotted 2,000 NCDs having face value of Rs 10,00,000 on private placement basis.
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.