Ashok Leyland ups Optare stake to 93% with £45 mn boost

Ashok Leyland raised its stake in UK subsidiary Optare PLC to 93% through a £45 million investment, acquiring over 6.49 billion shares. As the second-largest CV maker in India, the company saw 78% revenue growth in its CV segment between FY22 and FY24, driven by strong sales volume.