Hinduja Tech (HTL), the digital technology arm of Hinduja Group s flagship company Ashok Leyland, is in early talks with private equity funds to sell a minority stake in the company. HTL plans to raise around ₹830 crore ($100 million) at a valuation of $400 million (₹3,300 crore) to support its expansion in the e-mobility industry. The company has engaged investment bank Rothschild to find an investor.
DSD makes its debut at DSEI London amidst a surge in international defence projects, bolstered by a strong US presence and active ventures across Europe and Asia.