Ashok Leyland Board gives go-ahead for Rs 1,200 investment in Switch Mobility
The Board of Directors of Ashok Leyland in their meeting have approved an investment of Rs 1,200 crore in Switch Mobility as equity through its holding company Optare UK. The funds infused will be used for capital expenditure, R&D and meeting operational requirements both in UK and India. The investment will be infused over the next few months after necessary statutory
Source: wn.com