The company has completed the sale of the residual section of one of its residential properties at Chennai as part of its strategy to sell non-core assets, Ashok Leyland said in a filing to the BSE.
Hinduja Group flagship company Ashok Leyland has completed the sale of residential properties at Chennai for a total consideration of Rs 210, as part of its strategy to sell non-core assets.
The company has completed the sale of the residual section of one of its residential properties at Chennai as part of its strategy to sell non-core assets, Ashok Leyland said in a filing to the BSE today.
"With this transaction, the sale of the entire property stands completed, for a total consideration of Rs 210 crore, the proceeds of which has since been received by the company fully," it added.
Ashok Leyland shares today closed at Rs 37.80 apiece on the BSE, up 7.39 percent from its previous close.
Ashok Leyland stock price
On August 20, 2014, at 09:24 hrs Ashok Leyland was quoting at Rs 37.70, down Rs 0.1, or 0.26 percent. The 52-week high of the share was Rs 39.00 and the 52-week low was Rs 11.82.
The company's trailing 12-month (TTM) EPS was at Rs 0.43 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 87.67. The latest book value of the company is Rs 15.69 per share. At current value, the price-to-book value of the company is 2.40.
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