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I-T dept conducts survey operation at Hinduja Group entities in Mumbai, other cities

The survey is being carried out in connection with a tax evasion probe under the General Anti Avoidance Rules (GAAR).

India , Mumbai , Maharashtra , Parmanand-deepchand-hinduja , Ashok-hinduja , Hinduja-group , Ashok-leyland , Hinduja-tech , Hinduja-realty-ventures , Hinduja-global-solutions , Income-tax-department , Hinduja-bank-switzerland

Ashok Leyland completes acquisition of 38% stake in Hinduja Tech

Ashok Leyland to acquire Nissan International's 38% stake in Hinduja Tech

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.

Japan , Netherlands , Japanese , Dutch , Nissan , Nissan-international-holdings , Ashok-leyland , Nissan-international-holding , Hinduja-tech-limited , Hinduja-tech , Defiance-technologies

Ashok Leyland Ltd to acquire balance 38% in Hinduja Tech Ltd

Ashok Leyland Ltd to acquire balance 38% in Hinduja Tech Ltd
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Arizona , United-states , Ashok-leyland-ltd , Hinduja-tech-ltd , Nissan-international-holding , Hinduja-tech-limited , Leyland-ltd , Hinduja-tech , Time-zone , Share-purchase-agreement , அரிசோனா