With reference to earlier announcement dated November 24, 2014, Ashok Leyland Ltd has now informed BSE that :<br/><br/>"Kindly note the revised Communication as below:<br/><br/>This is to inform you that M/s. Hinduja Tech Limited - HTL (formerly Defiance Technologies Limited) a Wholly Owned Unlisted Subsidiary (WOS- 100%) of Ashok Leyland Limited (AL), has now become a Subsidiary Company.<br/><br/>To unlock value, HTL has roped in a strategic investor to subscribe to the equity share capital of the Company. Consequent to the allotment of equity shares to the strategic investor, the holding of AL now stands at 62%."
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