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MoneyWorks4Me

Ashok Leyland informs about updates

02 Apr 2025 Evaluate
Further to letter dated February 12, 2025 regarding investment of GBP 45 million (equivalent to Rs. 500 Crs) in Optare PLC, UK., a subsidiary. Ashok Leyland has informed that, Optare PLC has informed the Company that the Board of Directors of Optare PLC had allotted 649,63,55,352 ordinary shares of £0.001 each at an issue price of £0.006927 each (i.e. at a premium of 0.005927 per share) to the Company at their meeting held on April 1, 2025. Post allotment the shareholding of the Company in Optare PLC has increased by 0.41%i.e. from 92.59% to 93%. Date and time of occurrence of event: April 1, 2025; 9.40 pm IST.

The above information is a part of company’s filings submitted to BSE.
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