Ashok Leyland Ltd has provided an update regarding its GBP 45 million (?500 crore) investment in its UK-based subsidiary, Optare PLC. This follows the company’s earlier communication dated February 12, 2025.
Optare PLC has informed Ashok Leyland that its Board of Directors approved the allotment of 64,96,35,535 ordinary shares of £0.001 each at an issue price of £0.006927 per share (including a premium of £0.005927 per share) during a meeting held on April 1, 2025.
As a result of this allotment, Ashok Leyland’s stake in Optare PLC has increased by 0.41%, rising from 92.59% to 93%.
The company has requested that this information be taken on record, with the occurrence of the event officially noted on April 1, 2025, at 9:40 p.m. IST.