Ashok Leyland's shareholding in UK-based commercial vehicle maker Optare Plc, which is also the holding company of Switch Mobility Ltd, rose to 92.59 per cent from 92.19 per cent. This comes after the company invested Rs 536.73 crore in the second tranche via equity shares in Optare, it told the exchanges on Tuesday.
In November last year, Ashok Leyland announced that it would invest Rs 1,200 crore in its electric vehicle arm, Switch Mobility, through Optare Plc. In December, it had invested Rs 662.5 crore in the first tranche. On Tuesday, the company said it has completed the investment in the second tranche.