The cross-badging arrangement appears to favour Toyota.
The stake purchase, at Rs 3,200 crore, raises GSPL’s holding in Gujarat Gas to about 54 per cent.
IPO allows institutional investors to buy a sizeable stake without incurring impact cost.
The company’s vehicle portfolio is primarily based on the diesel power engine.
When ESOPs are exercised, they are shown as part of the total compensation of the executive.
The number of senior executives, working with the BSE 500 companies who earned more than Rs 1 crore, increased by 43 to 848 in FY17 from the previous year.
Some investors are reducing their exposure to auto component companies ahead of the global mass-market launch of electric vehicles.
The objective behind hiring PhD holders is to spark experimentation and develop a viable solution for the domestic market, companies said.
Headquartered in Bengaluru, HAL is a PSU under the Ministry of Defence.
Ashok Leyland has a market share of 57.5 per cent in the 35.2 tonne and above vehicles.
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