M&A

M&A

Ashok Leyland acquires Ohm for token amt to house E-MaaS business, to invest Rs.300-Cr

BSE Disclosure  

Publicly listed, Chennai-based automaker Ashok Leyland, is to acquire 100% of Ohm Global Mobility Private Ltd - a fellow Hinduja Group company that is yet to become operational - for a nominal consideration of INR 1 lakh. Ashok Leyland will be investing up to INR 300 Cr as equity into OHM to operationalize the company. In addition, existing eMaaS (Electric Mobility as a Service) contracts will be transferred to Ohm.