Chennai:
Everstone, a leading India and South East Asia private equity investor, has signed an agreement to invest INR 200 crore for an undisclosed stake in the NBFC Hinduja Leyland Finance (HLF), a commercial vehicle (CV) financing arm of the Hinduja Group.
The Chennai headquartered NBFC is jointly owned by Ashok Leyland and other entities of the Hinduja Group. Led by Mr S Nagarajan, who had previously spearheaded Ashok Leyland Finance and IndusInd Bank, HLF today, is one of the leading financiers of commercial vehicles with current assets under management in excess of INR 4,000 crore.
Atul Kapur, Co-founder and Managing Partner of the Everstone Group said, “We are excited to partner with the Hinduja Group who have built a very attractive and professionally managed business in a sector where they have a track record ofsuccess.”
R Seshasayee, Chairman of HLF added further, “I am happy that in Everstone, we found a partner who shares the same vision as the promoters for the growth and development of HLF, as a significant and profitable player in NBFC space.”
Everstone, a leading India and South East Asia private equity investor, has signed an agreement to invest INR 200 crore for an undisclosed stake in the NBFC Hinduja Leyland Finance (HLF), a commercial vehicle (CV) financing arm of the Hinduja Group.
The Chennai headquartered NBFC is jointly owned by Ashok Leyland and other entities of the Hinduja Group. Led by Mr S Nagarajan, who had previously spearheaded Ashok Leyland Finance and IndusInd Bank, HLF today, is one of the leading financiers of commercial vehicles with current assets under management in excess of INR 4,000 crore.
Atul Kapur, Co-founder and Managing Partner of the Everstone Group said, “We are excited to partner with the Hinduja Group who have built a very attractive and professionally managed business in a sector where they have a track record ofsuccess.”
R Seshasayee, Chairman of HLF added further, “I am happy that in Everstone, we found a partner who shares the same vision as the promoters for the growth and development of HLF, as a significant and profitable player in NBFC space.”
No comments:
Post a Comment