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Ashok Leyland informs about acquisition

26 Feb 2021 Evaluate
In continuation to earlier letter on acquisition, Ashok Leyland has informed that the Company has completed the acquisition of 58,500,000 shares of Rs.10 each of Hinduja Tech Limited (HTL) from Nissan International Holding BV for a total consideration of Rs 70,20,00,000 constituting 38% in the paid-up share capital of HTL. Consequent to the said acquisition, HTL has become a wholly owned subsidiary of the Company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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