Ashok Leyland mulling $100 mln debt/equity issue

Newswire

BOMBAY, Jan 20 (Reuters) - The board of Ashok Leyland Ltd , India's second-biggest truck maker, will consider a proposal to raise long-term funds of up to $100 million, the Bombay Stock Exchange (BSE) said on Tuesday. The funds could be raised in the domestic or international markets and could be through debt and/or equity related offerings, the BSE said. The company had said on Monday that it would spend 3.9 billion rupees ($86 million) on capacity expansion and new facilities to build ...

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