Ashok Leyland bonus shares get credited to demat accounts; stock drops marginally

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Ashok Leyland shares traded with a marginal dip following the completion of its bonus share allotment. The company issued bonus shares at a 1:1 ratio, granting shareholders one extra share for every share held.

This initiative, intended to enhance liquidity and reward shareholders, did not change the company’s overall market capitalisation but doubled the total number of outstanding shares.

The Ashok Leyland stock was down 0.89% at Rs 122.65 apiece on the BSE at around 10:52 am.

In a regulatory filing, in continuation of its previous communications…



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