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Bloomberg Quint

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Ashok Leyland Bonus Issue: Last Day To Buy Shares To Qualify — Check Details

  • Ashok Leyland Ltd. sets July 16 as the record date for a 1:1 bonus share issue, with investors needing to hold shares in their demat account by that date to be eligible.
  • Under India's T+1 settlement cycle, shares must be purchased at least one trading day before the record date for eligibility in the bonus issue.
  • The deemed date of allotment for Ashok Leyland bonus shares is July 17, with trading availability starting on July 18.
  • The company's stock closed 2.7% higher on Monday at Rs 252.95 per share, having risen 14% year-to-date and 11% in the last 12 months.

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