Everstone Group, a private equity firm focused on India and Southeast Asia, has agreed to invest Rs 200 crore ($33.54 million) for a significant minority stake in commercial vehicle financing firm Hinduja Leyland Finance, the companies said on July 22. The Chennai-based non-banking finance company is owned by the Hinduja Group, which runs India’s second-biggest bus and truck maker Ashok Leyland.
Ernst & Young and boutique investment bank Spark Capital were the advisors to the transaction, the companies said.
Leave a Reply
You must be logged in to post a comment.