Hinduja Leyland Finance to raise Rs 5 billion as primary capital

Company to put up 31 mn shares on offer; Everstone, the only outside investor in the firm to make a partial exit

Hinduja Leyland Finance, Hinduja Group company, is planning to go for an IPO shortly, as it seeks to raise up to Rs 5 billion as primary capital on an offer for sale of 31 million shares.

The firm is holding roadshows in India and abroad to get a fix on the valuation for its secondary capital. Everstone, the only outside investor in the company is expected to make a partial exit with the IPO.

Sachin Pillai, chief executive officer, Hinduja Leyland Finance, said that while the company yet to finalise the exact quantum as it is currently doing the valuation,