Investment20 Mar 2026, 05:51 pm
Ashok Leyland Approves Investment of up to ₹375 Crs. in UK Subsidiary Optare Plc.
AI Summary
Ashok Leyland Ltd. has approved an investment of up to ₹375 Crs. (approximately GBP 30 million) in its UK subsidiary, Optare Plc. The company holds 93% of the share capital in Optare Plc. and post-investment, this shareholding will increase to 93.28%. Optare Plc. is involved in the manufacture and sale of buses and commercial vehicles. The investment is being undertaken based on a valuation report from an Independent Valuer. The purpose of the investment is for repayment of loans or other business requirements. The current turnover of Optare Plc. (on a consolidated basis) is ₹1,232.59 Crores for FY 2024-25.
Key Highlights
- Ashok Leyland to invest up to ₹375 Crs. in UK subsidiary Optare Plc.
- Optare Plc. is involved in the manufacture and sale of buses and commercial vehicles.
- The investment is based on a valuation report from an Independent Valuer.
- The purpose of the investment is for repayment of loans or other business requirements.
- Ashok Leyland's current shareholding in Optare Plc. is 93%, which will increase to 93.28% post-investment.