Ashok Leyland Ltd. — M&A Activity 2020

Feb 7, 2020

			Ann
S.No.Details of the eventsName of the Target entity, detailsin brief such as size, turnover etc.kt----			Information of such eventsHinduja Leyland Finance Limited (HLFL), asubsidiary of the Company.Revenue as on March 31,2019: Rs.2560.64 Crores
		I.whether the acquisition would	Not applicable
		fall within related party
		transaction(s)
		**1.**whether the promoter/ promoter
		group/ group companies have	Yes, being shareholder of HLFL.
		any interest in the entity being
		acquired
		:.If yes, nature of interest and
		details thereof and whether the
		same is done at "arm's length"	Yes, the proposed acquisition of equity shares of
			HLFL is at arm's length
3.	I1	Industry to which the entity being	IINon-Banking Finance Company
		acquired belongs
		Objects and effects of acquisition	Consequent to Everfin Holdings' decision to sell
		(including but not limited to,	part of its stake, the Company along with others
		disclosure of reasons for acquisition	have agreed to acquire the shares in HLFL in five
		of target entity, ifitsbusiness is	tranches.
		outside the main line of business of
		the listed entity)
		Brief details of any governmental or	Not applicable
		regulatory approvals required for
		the acquisition
6.		Indicative time period for	In tranches on or before July 31, 2020
		completion of the acquisition
7.		Nature of consideration -whether	Cash
		cash consideration or share swap
		and details of the same
8.		Cost of acquisition or the price at	Rs.390.49 crores
		which the shares are acquired
I9.	I	control acquired and /or numberPercentage of shareholding/	I7%of the total paid up capital of HLFL.**
			years are given below:
		incorporation, history of last 3
		years' turnover, country in which
		the acquired entity has presence
		and any other significant
		information (in brief);