Ashok Leyland to acquire 19% stake in Hinduja Leyland Finance for Rs 1200 crore, Auto News, ET Auto

NEW DELHI: Chennai based mostly Professional vehicle producer, Ashok Leyland, to purchase 19 for each cent stake in Hinduja Leyland Finance Confined (HLFL) for Rs 1200 crore, the enterprise stated in BSE filing on Wednesday.

The second-greatest professional vehicle producer in its communication stated that “The board of administrators of the enterprise, at the assembly held now, have accredited to purchase up to 19 for each cent additional fairness shares in Hinduja Leyland Finance Confined, from the present shareholders, in tranches, for a thought not exceeding Rs.1200 Crores subject to these approvals, consents, sanctions and permissions of the acceptable authorities,

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