{"id":597715,"date":"2023-08-16T09:52:11","date_gmt":"2023-08-16T04:22:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=597715"},"modified":"2023-08-16T10:47:28","modified_gmt":"2023-08-16T05:17:28","slug":"ashok-leyland-acquires-ohm-to-house-e-maas-business-will-invest-rs-300-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ashok-leyland-acquires-ohm-to-house-e-maas-business-will-invest-rs-300-cr\/","title":{"rendered":"Ashok Leyland acquires OHM to house E-MaaS business, will invest Rs 300 cr"},"content":{"rendered":"<p>Ashok Leyland, the Indian flagship of the Hinduja Group, said on Monday its board has approved the complete acquisition of Ohm Global Mobility Private (OHM) from OHM International Mobility for a nominal consideration of Rs 100,000.<\/p>\n<p>Ashok Leyland said it will invest up to Rs 300 crore as equity in OHM for operationalising the company. E-MaaS (electric mobility as a service) contracts will be transferred to OHM subject after approvals.<\/p>\n<p>As OHM is yet to become operational, the consideration was nominal. OHM will be a 100 per cent subsidiary and any guarantees or comfort letters to be furnished to secure future orders will be provided by Ashok Leyland.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ashok Leyland, the Indian flagship of the Hinduja Group, said on Monday its board has approved the complete acquisition of Ohm Global Mobility Private (OHM) from OHM International Mobility for a nominal consideration of Rs 100,000. Ashok Leyland said it will invest up to Rs 300 crore as equity in OHM for operationalising the company. E-MaaS (electric mobility as a service) contracts will be transferred to OHM subject after approvals. As OHM is yet to become operational, the consideration was nominal. OHM will be a 100 per cent subsidiary and any guarantees or comfort letters to be furnished to secure [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-597715","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=597715"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597715\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=597715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=597715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=597715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}