Ashok Leyland raises stake in British bus maker Optare

Newswire

MUMBAI, Dec 21 (Reuters) - Ashok Leyland, India's second-biggest commercial vehicle maker, said it would increase its stake in British bus maker Optare Plc to 75.1 percent after a re-financing agreement. It acquired a 26 percent stake in Optare in July last year as part of a long-term alliance. Shares of Ashok Leyland ended 6 percent lower at 21.6 rupees in a weak Mumbai market on Tuesday. (Reporting by Nandita Bose)

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