Ashok Leyland Ltd's subsidiary Hinduja Leyland Finance withdraws IPO

Ashok Leyland Ltd had announced the filing of Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (SEBI) by Hinduja Leyland Finance Limited (HLFL), a subsidiary company of Ashok Leyland Limited for the proposed initial public offering of equity shares.

The Board of Directors of HLFL at their meeting held on May 23, 2017 had decided to withdraw the above DRHP and accordingly the DRHP had been withdrawn from SEBI on June 16, 2017.

Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.93.7 as compared to the previous close of Rs. 93.1. The total number of shares traded during the day was 582075 in over 1892 trades.

The stock hit an intraday high of Rs. 94.15 and intraday low of 92.55. The net turnover during the day was Rs. 54527782.

Source : Equity Bulls

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