Ashok Leyland shares were up by 2 per cent in the early trade on February 25 after the announced its decision to acquire a 38 per cent stake in Hinduja Tech Limited (HTL).
Ashok Leyland already owns 62 per cent in the paid-up share capital of HTL and Nissan International Holding B.V. holds the remaining 38 per cent.
After the acquisition, HTL will become a wholly-owned subsidiary of the company. At the opening bell, Ashok Leyland was quoting at Rs 128.35, up Rs 1.80, or 1.42 per cent, on the BSE. The share touched its 52-week high of Rs 138.85 on February 4, 2021, and a 52-week low of Rs 33.70 on March 25, 2020.