Ashok Leyland Limited has informed the Exchange about General Updates
ASHOKLEY · price
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Ashok Leyland's UK-based subsidiary Optare Plc. has bought an additional 1.01% stake in Switch Mobility Limited, UK (SML UK) from Dana Ltd. This takes Optare's direct holding in SML UK from 98.56% to 99.57%. Together with Hinduja Automotive Limited UK, the group now holds 100% of SML UK. The transaction is a follow-up to a communication dated June 4, 2025, and consolidates full ownership of SML UK within the Ashok Leyland group. No financial value of the deal has been disclosed in this filing.
This is a minor internal group restructuring that gives Ashok Leyland's subsidiaries complete ownership of SML UK. It is unlikely to have any material impact on Ashok Leyland's stock price or shareholder value, as the stake change is very small and the entity was already substantially owned.