India: Hinduja Leyland Finance defers $108m IPO plans

Visual sourced from Ashok Leyland website.

Hinduja Leyland Finance Ltd (HLF), a financier of commercial vehicles, has deferred its plan to go for a public listing, said two people aware of the development.

The firm, which received permission from the stock market regulator for an initial public offering (IPO) last year, has decided to let the approval lapse at the end of this month.

Bring stories like this into your inbox every day.

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