Hinduja Leyland Finance Plans to Raise 1 Billion Rupees

Hinduja Leyland Finance, a unit of Ashok Leyland Ltd. (AL), plans to raise 1 billion rupees in private equity investment to increase lending to buyers of light commercial vehicles and three-wheelers.

The company is looking to rope in a private equity investor to raise disbursals for the year starting April 1, Managing Director S. Nagarajan said in an interview yesterday evening.

To contact the reporter on this story: Ganesh Nagarajan in Chennai at gnagarajan1@bloomberg.net

To contact the editor responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net

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