Ashok Leyland finance arm raises $36.7m from group firms, Everstone

Ashok Leyland finance arm raises $36.7m from group firms, Everstone

Ashok Leyland. Photo: Pradeep Gaur/Mint

Hinduja Leyland Finance Ltd (HLF), the commercial vehicle financing unit of Ashok Leyland Ltd, has raised Rs 250 crore (about $37 million) from existing investors—Hinduja group entities and private equity investor Everstone Capital—through a rights issue, two people aware of the development said.

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