Hinduja Leyland Finance Ltd (HLF) IPO valued at Rs 1,000 crore will be launched in second quarter of 2018 - IPO Reviews

Tuesday, April 10, 2018

Hinduja Leyland Finance Ltd (HLF) IPO valued at Rs 1,000 crore will be launched in second quarter of 2018

Hinduja Leyland Finance Ltd (HLF) is planning to file a draft prospectus with Securities Exchange Board of India (SEBI) later this month for the IPO. The IPO size could be Rs 1000 crores (Rs 1 Billion) and will be launched in the second half of 2018. 
Hinduja Leyland Finance Ltd (HFL) IPO valued at Rs 1,000 crore will be launched in second quarter of 2018

Hinduja Leyland Finance Ltd (HLF) was incorporated on November 12, 2008, and is promoted by Ashok Leyland Limited (“ALL”) and Hinduja Power Limited, which are part of Hinduja group. The company was granted the permission to commence operations as a non-banking financial company (NBFC) under section 45 IA of the Reserve Bank of India (RBI) Act, 1934.

Hinduja Leyland Finance Ltd finances an extensive range of commercial and personal vehicles that include medium and heavy commercial vehicles (MHCVs), light commercial vehicles (LCVs), small commercial vehicles (SCVs), cars, multi-utility vehicles, three wheelers, and two-wheelers, as well as several kinds of used vehicles.

Yes Securities, Citigroup and Axis are the bookrunners of the IPO that will kickstart later this year.



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