Hinduja Tech secures $50 mn investment from private equity fund Creador

Hinduja Tech Ltd (HT), a mobility-focused global engineering research and development services company and a subsidiary of Ashok Leyland, the Indian flagship of the multi-billion dollar conglomerate the Hinduja Group, on Thursday announced the signing of a definitive agreement for Creador to invest $50 million acquiring a 19.6 per cent shareholding in the company, which is subject to completion of customary closing conditions.

Creador is a renowned private equity firm focused on partnering to grow world-class businesses in Southeast Asia and India. This investment places Hinduja Tech at a post-money equity value of $255 million.