Ashok Leyland has announced that Ashley Services Ltd (ASL) has become a wholly owned subsidiary of Ashok Leyland Ltd, consequent to the amalgamation of Ashley Holdings Ltd, Ashley Investments Ltd and Ashok Leyland Project Services Ltd with ASL, the Hinduja Group company said in a notification to the stock exchange.
Ashley Holdings and Ashley Investments are engaged in the investment business, particularly in the automobile and auto component segments. Ashok Leyland Project Services is the consultancy business mainly in power and infrastructure. —
Published on August 27, 2013
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