Ashok Leyland Sets July 16 As Record Date For 1:1 Bonus Share Issue

Ashok Leyland Ltd. has fixed July 16 as the record date to determine eligible shareholders for its proposed 1:1 bonus share issue, the company said in an exchange filing on Wednesday. The issue was approved by shareholders on July 7.

Shareholders whose names appear on the company’s register as on the record date will be entitled to receive the bonus shares. The allotment will take place on July 17, and the shares will be available for trading from July 18.