Announced Fri, 14 Aug · 13:25 IST
Ashok Leyland approves up to ₹825 crore of subsidiary investments
ASHOKLEY · price
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AI summary
Ashok Leyland's board approved cash investments of up to GBP 25 million, about ₹325 crore, in its UK bus subsidiary Optare and up to ₹500 crore in Hinduja Housing Finance shares bought from Hinduja Leyland Finance. Both target completion by March 31, 2027, subject to approvals. Optare's stake will rise from 93.28% to 93.49%; HHFL revenue was ₹1,932.50 crore in FY2025-26.
Likely market impact
May weigh on near-term cash flows, but the deals keep majority control in both businesses and could support long-term value, subject to approvals.