India: Ashok Leyland financing arm plans $90m IPO

India: Ashok Leyland financing arm plans $90m IPO

Visual sourced from Ashok Leyland website.

Hinduja Leyland Finance Ltd (HLF), the commercial vehicles financing subsidiary of Ashok Leyland Ltd, is planning to raise about $90 million (Rs.600-650 crore) through an initial public offering (IPO), according to three people aware of the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter