On January 2, 2019 ALL had announced that it had raised stake in AAL from 49% to 76.25%. The most recent share acquisition will take its stake to 88.75%. ALL plans to eventually make AAL a wholly-owned subsidiary and has obtained approval from the Ministry of Civil Aviation in this regard. The shares were acquired for a total consideration of Rs55.59 lakh.
Ashok Leyland Ltd is currently trading at Rs95.55 up by Rs1.15 or 1.22% from its previous closing of Rs94.40 on the BSE.
The scrip opened at Rs96.90 and has touched a high and low of Rs97 and Rs95.20 respectively. So far 95,51,543 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs27,711.38cr.