back-office Open An Account
partner-with-us Partner with Us
Corporate Actions
Ashok Leyland approves up to '30 million investment in UK subsidiary Optare Plc

23-Mar-26   10:02 Hrs IST
Optare Plc is engaged in the manufacture and sale of buses and commercial vehicles and serves as the holding company for the group's electric vehicle initiatives, including Switch Mobility in the UK and Switch Mobility Automotive. Incorporated on 23 January 2008, Optare reported a consolidated turnover of Rs 1,232.59 crore in FY 2024'25.

The proposed investment is primarily aimed at loan repayment and meeting other business requirements. The total cost of acquisition will not exceed GBP 30 million and will be made on a cash basis. Ashok Leyland currently holds a 93% stake in Optare Plc, which is expected to increase marginally to 93.28% following the allotment.

The transaction is expected to be completed by March 31, 2026. The company stated that Hinduja Automotive, part of the promoter group, holds a 6.52% stake in Optare Plc. The investment is being undertaken at arm's length, based on a valuation report from an independent valuer.

Ashok Leyland is involved in the manufacture and sale of a broad range of commercial vehicles and also makes engines for industrial and marine applications, as well as forgings and castings.

The company's consolidated net profit increased 6.8% YoY to Rs 813.49 crore in Q3 FY26 compared with Rs 761.92 crore in Q3 FY25. Net sales jumped 23.6% to Rs 14,761.95 crore in the quarter ended 31st December 2025.

The counter fell 2.34% to Rs 164.95 on the BSE.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.