Bawal News

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.

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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