Ashok Leyland Considers Plan to Raise Rs 200 Crore

New Delhi: Hinduja Group flagship Ashok Leyland board on Tuesday said, meeting with board members later this week to discuss a plan of issuing securities to raise Rs 200 crore.
The commercial vehicle maker said in a regulatory filing,” A fundraising committee of the board meeting is proposed to be scheduled on June 19 discussing plan to raise Rs 200 crore. They are proposing to raise money through the issue of secured, listed, rated, redeemable non-convertible debentures.
However, the company did not state the reason for raising capital.