Hinduja Leyland Finance raises Rs 910 crore via QIB

New Delhi: Non-banking financial firm Hinduja Leyland Finance (HLF), a subsidiary of commercial vehicle maker Ashok Leyland, on Monday announced raising ₹910 crore from Qualified Institutional Buyers (QIB). The company's board approved the allotment of issuance of 65 million equity shares of ₹10 each at an issue price of ₹140 per share aggregating to the total of ₹910 crore.

Shares will be issued to five QIBs, and they will collectively hold 12.16% in Hinduja Leyland Finance after allotment.

With this fund raise through QIBs, parent Ashok Leyland (ALL) shareholding in HLF has fallen from 68.8% to 60.43%, it said.


The infusion leads to increase in capital adequacy ratio of HLF from 18.70% in March 2022 to 22.50%.

The Chennai-based company primarily focuses in the vehicle finance business, having established a presence in the entire spectrum of vehicle business in the country.

The company also focuses on mortgages business and has a presence in affordable housing finance through its fully owned subsidiary Hinduja Housing Finance.