Hinduja Leyland Finance – a non-banking finance company has submitted DRHP (Draft Red Herring Prospectus) for its Initial Public Offer with the capital market regulator SEBI (Securities & Exchange Board of India).

This public offer consists of a fresh issue of equity shares up to INR 500 crore by a company & also an offer for sale around 2.19 crore equity shares. This would be a good opportunity for the investors to acquire some valued stocks.

The largest commercial vehicle maker Ashok Leyland & Hinduja Power is the promoters of Hinduja Leyland Finance. While, Citi Group Global Markets India, Axis Capital & YES Securities are the book running lead managers to this initial public offering.