In a regulatory filing with the BSE, Ashok Leyland said it realised USD 10.96 million selling Avia Ashok Leyland and Rs.6 crore profit selling 48.5 percent stake in Ashok Leyland Wind Energy Ltd.

The stake in Avia Ashok Leyland has been sold to a strategic investor and the relevant agreements have been signed and the deal closed, it said.

Ashok Leyland acquired Avia Truck Business in 2006 for around USD 35 million. Consequent to the stake sale in the wind energy company, its holding has gone down to 11.5 percent from the earlier level of 60 percent, it said.

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