Ashok Leyland Limited announced that its board of directors approved investments up to GBP 25 million, approximately Rs 325 crore, in Optare Plc, a U.K.-based subsidiary, and up to Rs 500 crore in equity shares of Hinduja Housing Finance Limited, a step-down subsidiary, through a secondary purchase from Hinduja Leyland Finance Limited. The investments in Optare Plc. will increase Ashok Leyland’s shareholding from 93.28% to 93.49%, while the investment in Hinduja Housing Finance Limited will result in a direct shareholding of 8.90% and an indirect holding of 55.68%.