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Ashok Leyland planning to raise Rs 250 crore via NCDs

08 Feb 2022 Evaluate

Ashok Leyland is planning to raise upto Rs 250 crore through the issuance of secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) on a private placement basis, in one or more tranches/series. The meeting of board of directors of the company is scheduled on February 11, 2022 to consider and approve the same.

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 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1084.25
SML Mahindra 6130.00
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