Ashok Leyland’s board has approved the issuance of secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) aggregating upto Rs 250 crore on a private placement basis in one or more tranches/series. The Board of Directors of the company at their meeting held on February 11, 2022 has approved 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.