Ashok Leyland has acquired additional 5,00,010 shares of Rs 10 each constituting 12.50% in the paid-up share capital of Ashley Aviation (AAL). Consequent to the said acquisition, the Company’s shareholding in AAL stands increased to 88.75%. AAL is engaged in the business of aviation sector.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles