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Ashok Leyland gets nod to raise Rs 250 crore via NCDs

12 Feb 2022 Evaluate

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.

Peers
Company Name CMP
Tata Motors 425.30
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1084.25
SML Mahindra 6130.00
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