Ashok Leyland said that the meeting of the board of directors of the company is scheduled on 14 May 2020 to consider and approve issue of Non Convertible Debentures on private placement basis.
The announcement was made after market hours yesterday, 11 May 2020. Shares of Ashok Leyland rose 3.72% to close at Rs 48.80 on 11 May 2020.
Ashok Leyland said that the meeting of the board of directors of the company is scheduled on 14 May 2020 to consider and approve secured, rated, listed, redeemable Non Convertible Debentures aggregating to Rs 300 crore with a green-shoe option of Rs 200 crore on private placement basis, in one or more tranches/series.
Ashok Leyland, flagship of the Hinduja group, is among the largest manufacturer of commercial vehicles in India and also among the biggest manufacturers of buses and trucks globally.
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