Everstone to invest $34 mn in Hinduja Leyland Finance

Private Equity firm Everstone Group agreed to invest Rs 3 billion for a stake in the commercial vehicle financing firm Hinduja LeyLand Finance.

July 22, 2013 / 19:52 IST

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India and Southeast Asia-focused private equity firm Everstone Group has agreed to invest Rs 2 billion for a significant minority stake in commercial vehicle financing firm Hinduja Leyland Finance, the companies said on Monday.

Also read: Leyland creates Super Stallion for bigger role in def space

The Chennai-based non-banking finance company is owned by the Hinduja Group, which runs India's second-biggest bus and truck maker Ashok Leyland.

Ernst & Young and boutique investment bank Spark Capital were the advisors to the transaction, the companies said.

first published: Jul 22, 2013 07:52 pm

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