Ashok Layland Allots Share To Hinduja Foundries

On the Tuesday the auto mobile manufacturing company- Ashok layland announced, under the scheme of amalgamation of Hinduja Foundries, the company has allotted 806,58,292 equity share of face of Rs1 each on date of 7June 2017 which is fully paid up to the equity shareholder of Hinduja Foundries, the paid up share capital of the company has gone up to Rs 292.65 crore.

The current trading of company is at Rs 93.8 which is down by Rs 1.3 or 1.37 % on BSE. Rs 95.25 scrip opened and reached high of 95.25 and low of Rs 93.6 and 1307568 (NSE+BSE) shares were traded on the counter.

The company is engaged in commercial vehicles and related components and its subsidiaries they engaged in manufacturing and trading in medium and heavy commercial vehicles passenger vehicles, vehicle financing, light commercial vehicles, automotive aggregates and engineering design services.

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