Hinduja Tech Ltd. (HTL) has allotted 5.12 crore compulsorily convertible preference shares (CCPS) totalling to ₹392 crore to its investor Gandaraditya Chola, a company registered under Mauritius laws.
The Ashok Leyland subsidiary also allotted 10 equity shares at a premium of ₹66.55 per share, totalling to ₹765.50. The cash transaction was completed on April 15, ALL said in a regulatory…