Ashok Leyland Limited (NSEI:ASHOKLEY) acquired an additional 12.5% stake in Ashley Aviation Limited from an individual shareholder for INR 2.6 million on January 9, 2019. Under the terms, Ashok Leyland Limited acquired 0.5 million shares of Ashley Aviation Limited. Post completion, Ashok Leyland Limited holds 88.75% stake in Ashley Aviation Limited. Ashley Aviation Limited reported revenue of INR 96.22 million and net loss of INR 33.62 million as of March 31, 2018. Ashok Leyland Limited obtained the approval of the Ministry of Civil Aviation. Ashok Leyland Limited will acquire remaining stake in Ashley Aviation Limited before March 31, 2019. Ashok Leyland Limited (NSEI:ASHOKLEY) completed the acquisition of an additional 12.5% stake in Ashley Aviation Limited from an individual shareholder for INR 2.6 million on January 9, 2019