Ashok Leyland bonus share issue

Ashok Leyland bonus share issue: A day after the record date for Ashok Leyland's bonus share issue, the auto company today, July 17, announced the allotment of free shares. The company's board, earlier in May, along with its Q4 results announcement, had approved a bonus share issue in the ratio of 1:1, meaning the company would allot one share at no additional cost to investors for every share held by them as on the record date. Following this, the company today informed about the allotment of 293.65 crore bonus shares to its shareholders whose names appeared in the Register of Shareholders as on Wednesday, July 16.