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Ashok Leyland, India increases stakes in Switch Mobility Limited, UK
On June 3, Ashok Leyland announced that its subsidiary Optare Plc. UK has entered into a Share Purchase Agreement with Dana Ltd., for the purchase of their 1.01% stake in Switch Mobility Limited, UK (SML UK). Post this acquisition, Optare Plc’s shareholding in SML UK would increase from 98.56% to 99.57%, and conseque....
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