SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ashok Leyland to sell stake in few subsidiaries to reduce its debt

28 Jan 2013 Evaluate

In a bid to reduce its debt, Ashok Leyland is planning to sell its stake in few of its subsidiaries and also in IndusInd Bank. The company’s debt currently stands at around Rs 3,500 crore. The sale of investments in such companies will help Ashok Leyland to raise about Rs 500 crore. The process is expected begin once the merger of two of its associate companies Ashley Holdings and Ashley Investments with Ashok Leyland are completed.

In this regard, the company has already hired consulting firm McKinsey to advise the company on better working capital management.

Some of the company in which Ashok Leyland is planning to dilute its stake includes IndusInd Bank (in which the company holds shares worth around Rs 700 crore), Hinduja Leyland Finance (HFL), Albonair GmbH, Defiance Technologies and Defiance Testing.

Meanwhile, Ashok Leyland has partially diluted its stake in IBL and in ICICI and booked a profit of around Rs 75-76 crore during the current fiscal.

Ashok Leyland Share Price

168.65 -2.05 (-1.20%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Ashok Leyland 168.65
Force Motors 20878.00
Olectra Greentech 1340.60
Tata Motors 431.10
SML Mahindra 3800.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×