Hinduja group flagship firm Ashok Leyland sold shares worth Rs 299 crore in IndusInd Bank through an open market transaction.
The private sector lender is also part of the Hinduja group.
Ashok Leyland sold 32,63,923 shares or 0.55 percent stake in the bank through a bulk deal. The shares were offloaded at an average price of Rs 915.96, valuing the transaction at Rs 298.96 crore, as per the latest data available with NSE.
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Ashok Leyland stock price: On March 29, 2016, at 10:07 hrs Ashok Leyland was quoting at Rs 105.40, up Rs 0.70, or 0.67 percent. The 52-week high of the share was Rs 107.40 and the 52-week low was Rs 63.85.
The company's trailing 12-month (TTM) EPS was at Rs 3.07 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 34.33. The latest book value of the company is Rs 14.40 per share. At current value, the price-to-book value of the company is 7.32.