Ashok Leyland to Buy Solar Via Group Captive Model from Hinduja Group’s Open Access Project

The acquisition is at arm's length for ₹186.6 million (~$2.56 million)

February 17, 2021

/ Rahul Nair
/ Finance and M&A, Other, Renewable Energy
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Ashok Leyland, the multinational automobile company owned by the Hinduja Group has announced that it has invested ₹186.6 million (~$2.56 million) for a 26% stake in Prathama Solarconnect Energy Private Limited (PSEPL). The acquisition of equity by Ashok Leyland is at arm’s length.

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Rahul Nair

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Ashok LeylandCRISILGroup CaptiveHinduja GroupSolar
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