Ashok Leyland has entered into a Share Purchase Agreement with Nissan International Holding BV to acquire 58,500,000 shares for a total consideration of Rs 70.20 crore constituting 38% in the paid-up share capital of Hinduja Tech (HTL). The company owns 62% in the paid-up share capital of HTL and the remaining is held by Nissan International Holding B.V. Consequent to the aforesaid acquisition, HTL will become a wholly owned subsidiary of the Company. HTL is engaged in the business of IT & ITeS industry.
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,a defense and special vehicles.
