Ashok Leyland Limited has informed the Exchange about Acquisition
ASHOKLEY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ashok Leyland's Board has approved investing up to Rs. 5.70 Crores in Vishwa Buses and Coaches Ltd (VBCL) and up to Rs. 300 Crores in Ohm Global Mobility Private Limited (OHM), both its wholly-owned subsidiaries, through equity infusion in one or more tranches. VBCL is in the bus body and coach building business with FY25 revenue of Rs. 295.35 Crores, while OHM operates in the e-mobility-as-a-service space running electric buses and trucks on a pay-per-use model with FY25 revenue of Rs. 50.37 Crores. Since both entities are already wholly-owned by Ashok Leyland, there will be no change in shareholding, and the investments are classified as related party transactions done at arm's length. The funds are aimed at business expansion, with the VBCL investment to be completed by March 2026 and the OHM investment by March 2027.
This is a capital infusion into existing subsidiaries rather than a new acquisition, so it should not directly affect shareholding structure or trigger any open offer. The Rs. 300 Crore push into OHM signals Ashok Leyland's strengthening commitment to its electric mobility business, which could support its long-term EV growth story for shareholders.