Ashok Leeyland Share: Shares of Ashok Leyland were discussed during Wednesday’s transaction. Ashok Leyland’s stock value fell by about 5 percent on Wednesday to Rs. Many investors would have been surprised by this decision. But this big decline is not a big fall in the market; This is the result of the company’s 1: 2 bonus issue, which has been implemented from today and the stock price is adjusted according to the value of the shareholder holdings. The company’s stock has seen a decline of 5 percent today. The company’s share came to Rs. The company had announced a bonus shares behind every shares of the shareholders on a record date.
What are Detail
That is, the shares of the shareholders in the demat account of the shareholders will be given equal bonus shares till the end of Tuesday. For example, if a stakeholder has 5 shares of Ashok Leyland, he will now be converted into 5 shares (adjusted at a ratio of 1: 2), but the original value will be half after adjusting the bonus ratio.
1.5 lakh small retail stakeholders are
At the end of the March quarter, Ashok Leyland had about 1.5 lakh small retail shareholders, that is, whose stake was up to Rs. As of March 7, these stakeholders had a 9.5% share in the company. This was the first bonus announced by Ashok Leyland after a decade and a half. The last incident of the company announced the bone of the shares was in the 5th.
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