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The latest update is out from Ashok Leyland Limited ( (IN:ASHOKLEY) ).
Ashok Leyland Limited clarified a recent rumor regarding the merger of its material subsidiary, Hinduja Leyland Finance Limited (HLFL), with NDL Ventures Limited. Contrary to reports, the company stated that HLFL’s board had approved a merger scheme, subject to regulatory approvals, and had informed stock exchanges accordingly. The Hindu Businessline corrected its earlier report to reflect this accurate information. Ashok Leyland emphasized its commitment to transparent communication and regulatory compliance.
More about Ashok Leyland Limited
Ashok Leyland Limited is a prominent player in the automotive industry, primarily engaged in the manufacturing and sale of commercial vehicles. The company focuses on producing trucks, buses, and engines, serving a diverse market that includes logistics, public transportation, and industrial sectors.
Average Trading Volume: 890,347
Technical Sentiment Signal: Buy
Current Market Cap: 874.9B INR
See more data about ASHOKLEY stock on TipRanks’ Stock Analysis page.