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Ashok Leyland to acquire Hinduja group company OHM Global Mobility

14 Aug 2023
Business
Ashok Leyland to acquire Hinduja group company OHM Global Mobility
In a regulatory filing, Ashok Leyland said post acquisition, it would invest up to Rs 300 crore in OHM India.According to Ashok Leyland, OHM India is a wholly-owned subsidiaryof OHM International Mobility Limited UK (OHM UK).The promoter, Hinduja Automotive Ltd, directly holds 20 per cent and indirectly through other subsidiaries holds 43.23 per cent in OHM UK from which the shares of the target company are being acquired, Ashok Leyland said.OHM India is yet to start operations.--IANSvj/arm

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)