The board of directors of Ashok Leyland unanimously approved the proposal to amalgamate Hinduja Foundries (HF) with their company. Both are Hinduja Group companies, and HF is into the business of grey iron castings and automotive components. The amalgamation is subject to various regulatory approvals and approval of shareholders of both the companies. A date of 01 October, 2016 has been proposed. Vinod K. Dasari, CEO and MD, Ashok Leyland expressed that the amalgamation will result in operational efficiencies and help realise significant cost synergies. “We are confident that the roll out of best practices of Ashok Leyland will benefit Hinduja Foundries.”

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