Pledge28 March 2026 at 10:31 am
Hinduja Automotive Limited Releases Pledged Equity Shares of Ashok Leyland Ltd Worth INR 109,00,00,000
AI Summary
Catalyst Trusteeship Ltd, acting as the onshore security agent for Lenders to Hinduja Automotive Limited, has disclosed the release of equity shares of Ashok Leyland Limited pledged in their favor. The release of shares amounts to INR 109,00,00,000, which is approximately 18.55% of the total diluted share and voting capital of Ashok Leyland Limited.
Key Highlights
- Hinduja Automotive Limited releases pledged equity shares of Ashok Leyland Limited worth INR 109,00,00,000.
- The release of shares amounts to approximately 18.55% of the total diluted share and voting capital of Ashok Leyland Limited.
- Catalyst Trusteeship Ltd acts as the onshore security agent for Lenders to Hinduja Automotive Limited under the Facility Agreement.
- The release of shares was made on 27 March 2026.
- Ashok Leyland Limited's equity share capital and total voting capital remain unchanged post-acquisition.
ASHOKLEYCommercial Vehicles
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