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Ashok Leyland Sells Entire Holding For $10.96 Mn

Updated: April 18, 2015 4:08 pm

Hinduja Group flagship firm Ashok Leyland announced that it is selling its entire holding in Czech arm Avia to an undisclosed ‘strategic investor’ for a cash realisation of USD 10.96 million. The company said it has divested its entire stake of 100 per cent ownership interest held in Avia Ashok Leyland Motors to a strategic investor as part of restructuring of investment in subsidiaries. “The relevant agreements to this effect have been signed and closing of the deal has been completed,” it said.

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