Investment3 Jun 2025, 05:51 pm
Ashok Leyland Invests GBP 45 Million in Optare Plc. UK for Loan Repayment, Capex, and More
AI Summary
Ashok Leyland Ltd. has invested GBP 45 million (equivalent to Rs. 500 Crs.) in its subsidiary, Optare Plc. UK. The funds will be utilized for various purposes including repayment of loans, investment in subsidiaries, purchasing shares from shareholders of Switch Mobility Ltd., a subsidiary, and capex investments. The investment is in line with Regn 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Ashok Leyland invests GBP 45 million in its UK subsidiary, Optare Plc.
- Funds to be used for loan repayment, subsidiary investment, and share purchase.
- Capex investments also planned with the funds.
- Investment in line with SEBI Regn 30 of Listing Obligations and Disclosure Requirements Regulations, 2015.
- Occurred on June 3, 2025 at 5.19 p.m. IST.