Ashok Leyland to Acquire Nissan’s Stake in Hinduja Tech

According to reports, Ashok Leyland, the commercial vehicle maker, on Thursday announced that they are up for acquiring the 38% stake in the Hinduja Tech from another company called Nissan International holding BV. Ashok Leyland has entered into a share purchasing agreement with Nissan International Holding BV to acquire about 5.85 crore shares, making it the 38% of stake of the Hinduja Tech.

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As a result, the HTL (Hinduja Tech) will totally be the subsidiary brand of Ashok Leyland. HTL has been engaged in the business of IT and ITeS. Right now, Ashok Leyland owns 62% of the HTL (Hinduja Tech), whereas the rest of the stake is in the hands of Nissan.

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