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Hinduja Ventures has increased its holding marginally, by purchasing additional shares at approx Rs.20 crore in Hinduja Leyland Finance.
In a regulatory filing the company stated, “..we wish to inform you that the company has entered into a share purchase and shareholders agreement dated November 15, 2017 with Everfin Holdings, shareholder of HLFL, for acquisition of 18,73,917 equity shares of Rs 10 each constituting 0.43 per cent in the paid-up share capital of HLFL at a price of Rs 110 per share.”
The company earlier had 5.23% of the equity paid up capital of Hinduja Leyland Finance and now it will be 5.66%, at an average price of Rs.26.98 per share.
