Public Market

Secondary Issues

Hinduja Leyland Fin raises Rs.910-Cr from qualified institutional buyers

Business Standard  

Mumbai-headquartered non-banking financial firm Hinduja Leyland Finance (HLF), a subsidiary of commercial vehicle maker Ashok Leyland, has raised INR 910 crore from Qualified Institutional Buyers (QIB). The company has allotted 65 million equity shares of INR 10 each at an issue price of INR 140 per share aggregating to INR 910 crore. The shares will be issued to five QIBs, and they will collectively hold 12.16 % in HLF after allotment.