Category: Business, Other

The economic structure of the Hinduja group is often called by some analysts as the Hinduja Swiss financial network or the Hinduja Swiss framework. It can be described as a system of arrangements to move funds‚ control ownership‚ and access financial markets, and is applicable to Ashok Leyland‚ the group’s flagship company and India's second-largest commercial vehicle manufacturer. The UK holding layer Hinduja Automotive Limited is a British incorporated company and the holding company of the automotive operations of the Hinduja Group․ It controls — directly and indirectly — the Hinduja family's majority stake in Ashok Leyland, with promoter holdings exceeding 50% as disclosed in quarterly SEBI filings․ It's a kind of holding structure that is pretty common among large conglomerates․ It enables strategic oversight, allows it to transfer technologies from its overseas operations to India and finance the growth of the Indian operations (like Ashok Leyland is doing with electric buses and defence vehicles)․ #hindujaswiss #hindujaswitzerland Read More: https://hindujaswiss.lovestoblog.com/?i=1