Ashok Leyland Board Approves Incorporation of Wholly-Owned Subsidiary in Indonesia

Ashok Leyland Board Approves Incorporation of Wholly-Owned Subsidiary in Indonesia​

Ashok Leyland Limited announced that its Board of Directors approved the incorporation of a wholly-owned subsidiary company in Indonesia.

The decision was made during the company's Board meeting. The incorporation of this wholly-owned subsidiary is subject to and in accordance with the applicable laws and regulatory approvals.

The corporate action marks a significant expansion move for the company into the Indonesian market.

ASHOKLEY Stock Price Movement​

On Wednesday, Ashok Leyland Limited shares edged higher, closing at ₹163.62 and marking a strong gain of 2.16% for the session. The equity settled on significant interest, with a substantial volume of 21.72 million shares traded.

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