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Hinduja Automotive Buys 260 Million Shares Of Ashok Leyland Ltd - Business Standard


Thursday, 10 Oct 2013 10:40am EDT 

Business Standard reported that Ashok Leyland Ltd promoter Hinduja Automotive bought 26 million shares of the commercial vehicle for about INR410 million. Hinduja Automotive Ltd bought 26 million Ashok Leyland shares from Lotus Global Investments Ltd through the open market. The shares were bought at an average price of INR15.8 each, valuing the transaction at INR410.8 million. As of the quarter ended June, Hinduja Automotive held 1.03 billion Ashok Leyland shares, amounting to a 38.61% stake in the Company. 

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23 Oct 2014