Ashok Leyland cuts capex by 40%, aims for leaner operations in FY21
This is relevant as the auto industry, which had a dismal 2019, is facing further challenges due to the COVID-19 breakout.26-03-2020
26-03-2020
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Regulation 30 (4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 details of the revision in Credit Rating for the Company is sent herewith25-03-2020
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Credit Rating
Credit Rating issued by CARE Ratings.25-03-2020
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
In continuation to our letters dated March 18, 2020 and March 21, 2020, we hereby inform you that the Company has acquired 1,70,17,995 shares of Rs.10/- each, constituting 3.62% of the paid-up equity share capital of Hinduja Leyland Finance Limited ("HLFL"), a subsidiary of the Company. Consequent to the aforesaid acquisition, the Company's shareholding in HLFL stands increased from 61.83% to 65.45%. The aforesaid acquisition is part of the 6.99% acquisition approved by the Board at the meeting held on March 21, 2020. The details required under Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given as an annexure. We request you to kindly note and take the above information on record. In line with the circular issued by Stock Exchange(s), this intimation is filed without signature due to administrative reasons.25-03-2020
ASHOK LEYLAND LTD. - 500477 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon Life India Asset Management Limited.24-03-2020
Stocks in the news: Ashok Leyland, Lupin, GMR Infra, Welspun Corp, Hero MotoCorp
Escourts | Ashok Leyland | Lupin | Bank of Maharashtra | GMR Infra | Welspun Corp and Hero MotoCorp are stocks, which are in news today.23-03-2020
Ashok Leyland to cut investment in Hinduja Leyland Finance to Rs 390.49 cr
The AL board continues to believe that the proposal to raise the shareholding in HLFL was consistent with the philosophy to prevent any future dilution based on HLFL's growth plans21-03-2020
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
In the meeting held on 18.3.2020, the Board had approved that the Company may acquire up to 19% of equity shares in Hinduja Leyland Finance Limited (HLFL) from existing shareholders in HLFL in tranches for a consideration not exceeding Rs.1200 Crs. subject to such approvals may be necessary. Ashok Leyland/AL considers HLFL a very significant subsidiary for financing its vehicles like all OEMs in the automotive sector. The Board continues to believe that the proposal to raise the shareholding in HLFL was consistent with the philosophy to prevent any future dilution based on HLFL's growth plans. However, in a meeting held today, the Board of AL, after considering the feedback on the proposal from minority stakeholders, decided to restrict the acquisition of shares by AL to 6.99% of the paid-up capital of HLFL at a price of Rs.119/- per share aggregating to Rs.390.49 Crores from Everfin Holdings and Hinduja Group.21-03-2020
ASHOK LEYLAND LTD. - 500477 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
In pursuance of Regulation 39 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the share certificates held by the following shareholder(s) has been reported lost/misplaced, with/without accompanied by Transfer Deed(s) : Sl. No. Folio No. Name No. of shares Cert. No. Dist. Nos. (From - To ) Received on 1 28965 RATNAPRABHA ASHOK BALDOTA 700 S028965 473341291- 473341990 19/03/202020-03-2020
Ashok Leyland hits over 5-year low on HLFL stake purchase proposal
Ashok Leyland on Wednesday announced that it would acquire around 7 per cent stake from the existing private equity investor Everstone and around 12 per cent from promoter owned entity20-03-2020