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Ashok Leyland Ltd.

BSE: 500477 Sector: Auto
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Announcement under Regulation 30 (LODR)-Updates on Acquisition

April 23, 2020, 8:20 pm | Source: BSE

In continuation to our letters dated March 18 2020 March 21 2020 and March 25 2020 we hereby inform you that the Company has in tranches acquired 15796406 shares of Rs.10/- each constituting 3.36% of the paid-up equity share capital of Hinduja Leyland Finance Limited (HLFL) a subsidiary of the Company. Consequent to the aforesaid acquisition the Companys shareholding in HLFL stands increased from 65.45% to 68.81%. The aforesaid acquisition is part of the 6.99% acquisition approved by the Board at the meeting held on March 21 2020. The details required under Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations 2015 are given in annexure.
We request you to kindly note and take the above information on record.