Ashok Leyland’s promoter Hinduja Automotive has purchased 2.6 crore shares of the company for about Rs 41.08 crore. The shares were bought at an average price of Rs 15.8 each from Lotus Global Investments through the open market. As of the quarter ended June, Hinduja Automotive held 102.72 crore Ashok Leyland shares, amounting to a 38.61% stake in the company, while institutions and non-institutions held 29.88% and 18.09% stake in the company, respectively.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
Source:-berkeleygains
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
Source:-berkeleygains