Ashok Leyland has informed that the Company has entered into a Share Purchase Agreement with Nissan International Holding BV to acquire 58,500,000 shares for a total consideration of Rs 70,20,00,000 constituting 38% in the paid-up share capital of Hinduja Tech (HTL). Consequent to the aforesaid acquisition, HTL will become a wholly owned subsidiary of the Company. The details required under Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given as an annexure.
The above information is a part of company’s filings submitted to BSE.
