Ashok Leyland Approves Investments in Optare Plc and Hinduja Housing Finance

Ashok Leyland Ltd's Board of Directors has approved significant investments in two subsidiaries. The company will invest up to GBP 25 million (approx. ₹325 Crore) in its UK subsidiary, Optare Plc, for equity. Additionally, Ashok Leyland will invest up to ₹500 Crore in equity shares of Hinduja Housing Finance Limited (HHFL), a step-down subsidiary, through a secondary purchase from its material subsidiary, Hinduja Leyland Finance Limited. Optare Plc is involved in manufacturing buses and commercial vehicles, with revenues of ₹1,879.11 Crore as of March 31, 2026. HHFL, a housing finance company, reported revenues of ₹1,932.50 Crore as of March 31, 2026. Both investments are subject to requisite approvals and are expected to be completed by March 31, 2027. The investments are considered value-accretive, with the HHFL investment potentially boosting HLFL's lending capacity for CV purchases.