Everstone Invests INR2 Billion in Hinduja Leyland Finance (Asia)

Source: livemint.com  |  Author: S. Bridget Leena

India-focused investment manager Everstone Capital has agreed to acquire a 15 percent stake in Hinduja Leyland Finance (HLF), a commercial vehicle financing arm of the India-based business conglomerate Hinduja Group, for INR2 billion (approximately US$33.6 million). HLF, a non-banking financial company jointly owned by commercial vehicle manufacturer Ashok Leyland and Hinduja Group, intends to use the new capital for company growth.