Ashok Leyland Limited has informed the Exchange about General Updates
ASHOKLEY · price
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Ashok Leyland's UK subsidiary Optare Plc has signed a Share Purchase Agreement with Dana Ltd to buy Dana's 1.01% stake in Switch Mobility Limited (UK). After this purchase, Optare's holding in SML UK will rise from 98.56% to 99.57%. Combined with Hinduja Automotive Limited UK, Optare will hold 100% of SML UK. The transaction was executed on June 3, 2025 at 10:36 PM IST. This is a small stake purchase aimed at consolidating full ownership of the UK EV subsidiary.
This is a minor, subsidiary-level consolidation that gives Ashok Leyland's group full ownership of Switch Mobility UK. The financial impact is likely immaterial for the parent company, and it should not meaningfully affect Ashok Leyland's stock price.