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MoneyWorks4Me

Ashok Leyland raises Rs 200 crore through NCDs

26 Jun 2020 Evaluate

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.

Peers
Company Name CMP
Tata Motors 408.20
Ashok Leyland 149.80
Force Motors 17737.45
Olectra Greentech 989.30
SML Mahindra 4902.15
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