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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
