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Ashok Leyland Limited ( (IN:ASHOKLEY) ) has issued an announcement.
Ashok Leyland Limited has increased its stake in its UK-based subsidiary, Optare PLC, by investing GBP 45 million, which has resulted in a 0.41% increase in shareholding, bringing its total ownership to 93%. This strategic move strengthens Ashok Leyland’s position in the international market, enhancing its influence and control over Optare PLC, which could potentially lead to greater operational synergies and market expansion opportunities.
More about Ashok Leyland Limited
Ashok Leyland Limited is a prominent player in the automotive industry, primarily focusing on the manufacturing of commercial vehicles such as trucks and buses. The company has a significant market presence in India and is expanding its footprint internationally through strategic investments and partnerships.
YTD Price Performance: -8.35%
Average Trading Volume: 372,644
Current Market Cap: 599.6B INR
Learn more about ASHOKLEY stock on TipRanks’ Stock Analysis page.