Ashok Leyland Ltd has announced that it has increased its shareholding in Hinduja Leyland Finance Ltd (HLFL) from 60.39% to 61.12% following an equity investment of Rs 200 crore. The update follows the company’s prior disclosure dated February 12, 2025.
In a filing on March 27, the company confirmed that HLFL’s Board allotted 1 crore equity shares of Rs 10 each at an issue price of Rs 200 per share (including a premium of Rs 190) during its board meeting held on March 25, 2025.
This strategic investment reinforces Ashok Leyland’s commitment to its financial services arm. The transaction was officially recorded on March 26, 2025, at 4:29 PM IST.
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