Ashok Leyland Merger & Restructuring Worth ₹325 Cr
Ashok Leyland Limited is acquiring additional stake in its UK-based subsidiary, Optare Plc, for a cash consideration not exceeding ₹325 Crore.
- Value
- ₹325.0 Cr
- Execution
- 3/31/2027
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Ashok Leyland Limited is acquiring additional stake in its UK-based subsidiary, Optare Plc, for a cash consideration not exceeding ₹325 Crore.
Ashok Leyland will acquire an 8.9% stake in Hinduja Housing Finance Limited for a cash consideration of ₹500 Crore.
Ashok Leyland's board approved investments up to ₹325 Crore in subsidiary Optare Plc and ₹500 Crore in Hinduja Housing Finance Limited to strengthen its EV and housing finance presence.
Associate company Ashok Leyland John Deere Construction Equipment Company Private Limited has been voluntarily liquidated. The company has ceased to be an associate of Ashok Leyland.
Ashok Leyland approved the incorporation of a wholly-owned subsidiary in Indonesia. This strategic move aims to expand the company's international operational footprint.