Ashok Leyland Limited has informed the Exchange about Allotment of Bonus Equity Shares
ASHOKLEY · price
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Ashok Leyland has allotted 293,65,27,276 (approximately 293.65 crore) bonus equity shares of face value ₹1 each in a 1:1 ratio, meaning one free share for every one share held. The record date for eligibility was July 16, 2025, and the new shares have been credited today, July 17, 2025. These bonus shares will be available for trading from Friday, July 18, 2025. The new shares carry the same rights as existing shares. This follows the company's earlier announcements in May and June 2025 regarding the bonus issue plan.
Shareholders' holdings will double in quantity, but the share price is expected to adjust downward by roughly half on July 18, 2025 to reflect the higher share count, so total investment value remains largely unchanged. The bonus issue signals management's confidence and rewards shareholders without any cash outflow from the company.