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Ashok Leyland sells 18 lakh shares of IndusInd Bank to CPCI Mauritius

18 Dec 2013 Evaluate

Ashok Leyland, the Hinduja Group flagship company in India, has sold 18 lakh shares of IndusInd Bank through an open market transaction. The shares were offloaded to CPCI Mauritius at an average price of Rs 417, valuing the transaction at Rs 75.06 crore on BSE.

Earlier in March, Ashok Leyland had offloaded 50 lakh shares of IndusInd Bank in a transaction worth more than Rs 216 crore. The shares were bought by Afrin Dia, a foreign institutional investor.

As of September quarter, Ashok Leyland held 1.30 crore shares, amounting to 2.48% stake, in the bank.

Peers
Company Name CMP
Tata Motors 426.75
Ashok Leyland 153.00
Force Motors 16600.00
Olectra Greentech 1078.55
SML Mahindra 6359.45
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