Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Ashok Leyland partners with ICICI Bank

Posted On: 2019-11-25 22:40:28

Ashok Leyland, flagship of the Hinduja Group, the second largest commercial vehicle manufacturers in India with their complete range of 856 ready vehicles, signed a Memorandum of Understanding (MoU), with ICICI Bank to enter into a strategic financing partnership for two years. This MoU will enable both Ashok Leyland and ICICI Bank to offer customised financial solution to customers across India with focus on semi-urban and rural geographies.

With this MoU, ICICI Bank will be a preferred financier for providing finance to the customers buying Ashok Leyland vehicles. The Bank will work in close coordination with the authorised dealers of Ashok Leyland to provide financial solutions to the customers.

Customers will be benefitted with preferred product and financial solutions from both the organisations. The joint initiative will enable both the organisations to effectively leverage the combined strengths of Ashok Leyland's best-in-class products and ICICI Bank's significant distribution reach in India.

Commenting on the partnership, Mr. Anuj Kathuria, Chief Operating Officer, Ashok Leyland said, "Ashok Leyland is delighted to partner with ICICI Bank to offer customised financial solutions to its customers. With a pan-India presence, both organisations can leverage their strengths for the mutual benefit of the customers. Ashok Leyland products come with differentiated technology that offer our customers best-inclass total cost of ownership, thereby providing profitability to their business. Ashok Leyland has embraced future-ready technology to offer digital platforms and services that are ahead of the curve, thereby Living by its brand promise of 'Aapki Jeet. Hamari Jeet'".

Speaking on the partnership, Mr. Ravi Narayanan, Head - Secured Assets, ICICI Bank said, "We are delighted to join hands with Ashok Leyland to become their preferred financier. In order to give more impetus to the commercial vehicle sector, we bring forth customised, technology led and speedy credit and other financial solutions to the fleet owners of trucks and buses and assist them in the growth of their business. With this partnership, we will also offer the whole gamut of our banking products and services to the customers of Ashok Leyland and its dealers."

Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.83.3 as compared to the previous close of Rs. 81.3. The total number of shares traded during the day was 920040 in over 2789 trades.

The stock hit an intraday high of Rs. 83.65 and intraday low of 81.4. The net turnover during the day was Rs. 75929676.

Shares of ICICI BANK LTD. was last trading in BSE at Rs.498.05 as compared to the previous close of Rs. 496.75. The total number of shares traded during the day was 366421 in over 5934 trades.

The stock hit an intraday high of Rs. 500 and intraday low of 491.7. The net turnover during the day was Rs. 181921009.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Givaudan Partners with TCS to Transform its Global Data Center Operations

TCS Study Finds 78% of UK Companies Plan to Digitally Transform their Business Model Within 3 years

Qatar Investment Authority to invest INR 3,200 Crore in Adani Electricity Mumbai Limited

Mold-Tek Technologies Ltd enters into MOU with Italian and Indian Engineering Services Companies

KNR Constructions receives orders worth of Rs. 240.60 Crores from Greater Hyderabad Municipal Corporation

Infosys Awarded UN Global Climate Action Award in 'Carbon Neutral Now' Category at COP 25

TCS iON to Empower Kerala Youth with Future-ready Job Skills

City Union Bank Ltd opens new branches at Mylavaram and Mathikere

Future Supply Chain and Nippon Express Strategic Partnership aspires to be India's Leading Logistics Player

Hindustan Aeronautics Ltd signs MOU for wage revision

QGO Finance Ltd to issue 1,000 NCDs

Infosys Recognized as a 2020 'Top Employer' in Australia, Singapore and Japan

CRISIL reaffirms ratings on the bank facilities of Excel Industries Limited

JSPL commissioned its 4th Coke Oven Battery at Angul Steel Plant

L&T Technology Services Ltd launches Project Neelachala - a CSR Program for those affected by cyclone Fani

Airtel launches 'Airtel Wi-Fi Calling' - India's first Voice over Wi-Fi service

Everest Group recognizes L&T Technology Services as 'Leader' in Automotive Engineering Services

Announcing General Availability of Version 11 of Majesco Distribution Management Platform

ADNOC and Reliance Industries Limited Sign Agreement to Explore Development of Ethylene Dichloride Facility in Ruwais

CCI approves acquisition of stake in Future Supply Chain Solutions Limited by Nippon Express

Ethos Ltd opens two new stores at World Trade Park, Jaipur

Tasty Dairy Specialities Ltd enters into agreement with Noluma International

IDBI Bank to dilute stake in IDBI Capital Market Securities Ltd and IDBI Intech Ltd

Kimia Biosciences Ltd granted 'Site Certificate Under WHO-GMP Certification Scheme'

YES Bank board to reconvene on Dec 10, 2019 to continue discussion on investment proposals

Ministry of Technology and Communications, Oman and Wipro ink MoU to launch Open Source CoE

BEML launches new hydraulic excavator

Bharti Infratel Ltd board declares 2nd interim dividend of Rs. 2.75

Tata Motors Group global wholesales at 89,671 in November 2019

Ramco Systems in association with NelsonHall launches Digital Payroll Maturity Assessment Tool

Panacea Biotec announces launch of ViLACT for treatment of Uncontrolled Type 2 Diabetes Mellitus patients

STL to collaborate with IIT Madras for 5G advancements in India

Shashijit Infraprojects Ltd receives order from Vapi Nagar Palika

SC Soft, an Aurionpro Group Company, steps into Africa and Central America: Mexico with Automatic Fare collection projects

Subex and RAG announce first of its kind alliance to leverage Blockchain for combatting fraud

L&T Technology Services Ltd appoints Ms. Apurva Purohit as an Independent Director

Quick Heal Technologies Limited recognised by NASSCOM's DSCI as an industry pioneer in the Indian cybersecurity space

Chief Digital Officer Role Having Powerful Impact on Digital Transformation: Mindtree Survey

Aditya Birla Fashion and Retail Ltd appoints additional director, vice-chairman

Redington arm increases stake in Rajprotim Supply Chain Solutions Ltd to 100%

Grant Thornton releases interim physical survey report on more than 3,000 Nextgen Vakrangee Kendra

Dilip Buildcon Ltd receives order from Delhi Metro

Hero MotoCorp to increase prices of its products from Jan 1, 2020

HDFC Bank Ltd board to consider Q3 results on Jan 18, 2020

CRISIL downgrades PC Jeweller Ltd's ratings to default grade

Bharat Gears Ltd announces employee strike at its Lonand Unit

INSILCO Ltd updates on renewal of its applications with UPPCB and CGWA

CRISIL A2+ rating assigned to Newgen Software Technologies' short-term facilities

City Union Bank opens 3 new branches on Dec 9, 2019

AXIS Bank reappoints S Vishvanathan as independent director







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019