The cash deal is valued at around Rs 390.49 crore. The purchasers will collectively acquire 3,28,14,401 shares of a face value of Rs 101 each, constituting seven per cent of HLFL's paid-up equity capital. Of this, Ashok Leyland
will pick up 4.89 per cent, while 2.11 per cent will be acquired by other investors at an agreed price of Rs 119 per share. Everfin's stake sale is a partial dilution.