Ashok Leyland Update by Epic Research

Ashok Leyland is planning to invest around Rs 500 crore for capex during FY15. Also, the company will continue to look at selling non-core assets and proceedings of those will be used for debt reduction programme. Moreover, the company needs to manage around Rs 6,000 crore of assets across seven locations in the World, for which maintenance capex is needed.



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Posted in: Indian Market Tips