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Ashok Leyland has entered into a share purchase agreement with Nissan International Holding BV to acquire the latter s 38 per cent stake in Hinduja Tech Limited (HTL) for Rs 70.20 crore. The commercial vehicle major on Thursday informed BSE that it has entered into a share purchase agreement with Nissan International Holding BV to acquire 58,500,000 shares for a total consideration of Rs.70,20,00,000/- constituting 38% in the paid-up share capital of Hinduja Tech Limited (HTL). Consequent to the aforesaid acquisition, HTL will become a wholly-owned subsidiary of the Company. The company owns 62 per cent in the paid-up share capital of HTL and the remaining is held by Nissan International Holding BV. The company proposes to acquire 58,500,000 shares held by Nissan International Holding B.V to make it as a wholly-owned subsidiary of the Company.

Nissan international holdingsAshok leylandNissan international holdingHinduja tech limitedHinduja techDefiance technologiesLight commercial vehicleNissan international holding bvJapanese automaker nissanநிசான் சர்வதேச ஹோல்டிங்ஸ்அசோக் லேலண்ட்நிசான் சர்வதேச வைத்திருத்தல்ஹிஂட்யூவ தொழில்நுட்பம் வரையறுக்கப்பட்டவைஹிஂட்யூவ தொழில்நுட்பம்மீறுதல் தொழில்நுட்பங்கள்ஒளி வணிகரீதியானது வாகனம்