Ashok Leyland to delist GDRs from London Stock Exchange

Hinduja group flagship firm Ashok Leyland will delist its Global Depository Receipts (GDRs) from the London Stock Exchange.
The board of the company, in a meeting held last week, had approved the proposal in this regard, Ashok Leyland informed the BSE in a filing.
The board of directors of the company at its meeting held on March 5, 2016, had approved the proposal to delist the GDRs of the company from the London Stock Exchange, the company said.
It further said that it would be subject to compliance of various formalities required in this regard.
The company further said: "The underlying shares arising out of GDRs are listed with BSE Limited and National Stock Exchange of India Limited.