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Ashok Leyland Ltd.

BSE: 500477 Sector: Auto
NSE: ASHOKLEY ISIN Code: INE208A01029
BSE 00:00 | 24 Apr Ashok Leyland Ltd
NSE 05:30 | 01 Jan Ashok Leyland Ltd

Announcement under Regulation 30 (LODR)-Acquisition

March 18, 2020, 6:57 pm | Source: BSE

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that the Board of Directors of the Company at the meeting held today have approved to acquire upto 19% additional equity shares in Hinduja Leyland Finance Limited (HLFL) from the existing shareholders in tranches for a consideration not exceeding Rs.1200 Crores subject to such approvals consents sanctions and permissions of the appropriate authorities as may be necessary. The agreement(s) to acquire the equity shares in HLFL from the existing shareholders will be entered by the Company in due course. As and when the Company completes acquiring shares in tranche(s) and if the said acquisition exceeds 2% or more of the equity shares of HLFL the Company will inform the stock exchanges as required.
The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 are given as an annexure.