Acquisitions30 March 2026 at 07:10 am
Catalyst Trusteeship Acquires 18.13% Stake in Ashok Leyland Limited Through Encumbrance
AI Summary
Catalyst Trusteeship Ltd, on behalf of QH Hungary Holdings Limited, IIHL, IndusInd Limited and HAL, has acquired 1,06,50,00,000 shares of Ashok Leyland Limited, amounting to 18.13% of the company's total share and voting capital. The acquisition was made through the creation of an encumbrance over 1,065,000,000 shares held by HAL, as part of the security for a term loan facility of USD 1,445,000,000. This acquisition is in accordance with the margin loan agreement dated 27 March 2026 between the parties involved.
Key Highlights
- Catalyst Trusteeship Ltd acquires 18.13% stake in Ashok Leyland Limited.
- Acquisition made through encumbrance of 1,065,000,000 shares held by HAL.
- Transaction is part of a USD 1,445,000,000 term loan facility secured by the parties.
- Shares encumbered as per the margin loan agreement dated 27 March 2026.
- Ashok Leyland's equity share capital and total voting capital remain unchanged post-acquisition.
ASHOKLEYCommercial Vehicles
ASHOK LEYLAND LTD.Price Impact