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Ashok Leyland moves up on raising Rs 216.25 crore via selling stake in IndusInd Bank

18 Mar 2013 Evaluate

Ashok Leyland is currently trading at Rs. 22.95, up by 0.30 points or 1.32% from its previous closing of Rs. 22.65 on the BSE.

The scrip opened at Rs. 22.50 and has touched a high and low of Rs. 23.00 and Rs. 22.45 respectively. So far 115647 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.90 on 02-May-2012 and a 52 week low of Rs. 20.25 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 24.20 and Rs. 22.35 respectively. The current market cap of the company is Rs. 6013.13 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 30.60% and 17.36% respectively.

Ashok Leyland, Hinduja Group’s flagship company has raised Rs 216.25 crore through selling of about a percent stake in IndusInd Bank to foreign institutional investor Afrin Dia, through an open market deal. The company has sold 50 lakh shares in IndusInd Bank, the banking arm of Hinduja Group, for Rs 432.5 a share.

As of December 2012, Ashok Leyland held a 3.45% stake in IndusInd Bank, while Afrin Dia had a 1.51% stake.

Recently, the company registered a 10% fall in February 2013 sales at 10,046 units as compared to 11,103 units, a year ago. The company witnessed a 26% decline in sales of commercial vehicles - excl SCV (DOST) to 7,045 units in February 2013 from 9,521 units sold in the same month of previous year.

Ashok Leyland Share Price

174.75 -1.90 (-1.08%)
17-Apr-2026 16:59 View Price Chart
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