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Hinduja Leyland Finance's proposed IPO expected raise Rs 10-15 billion

Addressing shareholders on Tuesday, Ashok Leyland Chairman Dheeraj Hinduja said the future for Hinduja Leyland Finance was bright and the company was planning for an IPO this year

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Last Updated : Jul 19 2018 | 11:25 AM IST

The proposed IPO of Hinduja Leyland Finance, a non-banking finance company, is expected to raise around Rs 10-15 billion. The company plans to go public this year, said senior officials from Ashok Leyland, which owns a major chunk of Hinduja Leyland Finance.

“It (the IPO) will also help discover the pricing for us,” said an official from Ashok Leyland, which owns a major chunk of Hinduja Leyland Finance.

Addressing shareholders on Tuesday, Ashok Leyland Chairman Dheeraj Hinduja said the future for Hinduja Leyland Finance was bright and the company was planning for an IPO this year.

In 2017-18, Ashok Leyland

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