The shares were offloaded for an average price of Rs. 23.84, according to bulk deal information available with stock exchanges.
In a separate bulk deal, BNP Paribas Arbitrage, a shareholder of Strides Arcolab, offloaded 6.51 lakh shares of the pharmaceutical company for Rs. 32.18 crore.
The shares were sold at an average price of Rs. 494.42 apiece in open market transactions.
At the end of quarter ended March 2014, BNP Paribas Arbitrage held nearly 24.9 lakh shares of Strides Arcolab amounting to a 4.18 per cent stake in the company.
Shares in Ashok Leyland, on Friday, ended at Rs. 23.30 apiece on the BSE, down 2.31 per cent from the previous close.