Comments
The Fund Raising Committee of Ashok Leyland Ltd has approved the issue and allotment of 18.52 crore equity shares of face value ₹1 each to eligible Qualified Institutional Buyers (QIBs) at the issue price of ₹36 per equity share, aggregating to ₹666.72 crore.
The commercial vehicle manufacturer has informed the BSE about the allotment of equity shares to QIBs after the fund-raising committee’s meeting held on July 4.
On Friday, shares of Ashok Leyland closed at ₹36.10 per share, up 1.55 per cent over the previous close on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.