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Hinduja Tech in Talks with PE Funds for Minority Stake Sale, Auto News, ET Auto

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 INR 830 crore (USD 100 million) at a valuation of USD 400 million (INR 3,300 crore) to support its expansion in the e-mobility industry. The company has engaged investment bank Rothschild to find an investor. ....

Ashok Leyland , Hinduja Group , Minority Stake , Hinduja Tech , Ashok Leyland , Hinduja Group , Equity Funds ,

Hinduja Tech: Hinduja Tech in Talks with PE Funds for Minority Stake Sale

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. ....

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