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Signal: Ashok Leyland to acquire Ohm Global Mobility

Stocks that will see action today: August 16, 2023 - The Hindu BusinessLine

Stocks that will see action today: August 16, 2023 - The Hindu BusinessLine
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Ashok Leyland to house all future E-MaaS business under OHM to bring greater focus

Ashok Leyland to house all future E-MaaS business under OHM to bring greater focus
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Ashok Leyland to invest ₹300 cr in OHM India to operationalise it for E-MaaS biz

Ashok Leyland to invest ₹300 cr in OHM India to operationalise it for E-MaaS biz
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Ashok Leyland brings E-MaaS business under acquired arm OHM, to invest INR 300 cr as equity, ET Auto

Ashok Leyland Board Monday approved the acquisition of 100%of Ohm Global Mobility Private Ltd (OHM) from OHM International Mobility Ltd for a nominal consideration of INR 1 lakh. It will transfer the existing E-MaaS ((Electric Mobility as a Service) contracts to OHM subject to necessary approvals, the company said.

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