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Ashok Leyland Shares Adjust for 1:1 Bonus, Price Halved on Ex-Bonus Day

Following a 38% profit surge in the March quarter, the bonus issue aims to boost liquidity with share allocation set for July 17.

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Overview

  • Ashok Leyland shareholders received one additional share for every share held today, doubling the total share count as the stock turned ex-bonus.
  • The share price automatically adjusted from around ₹250.85 to ₹125.70, though some trading apps showed unadjusted pre-bonus levels suggesting an apparent 50% drop.
  • Investor wealth remained unchanged despite the per-share price halving, since holdings doubled in line with the 1:1 bonus ratio.
  • The bonus was approved alongside strong Q4 FY25 results in May, which reported a 38.4% profit rise and included a final dividend.
  • Bonus shares will be deemed allotted on July 17 and begin trading on July 18, a move expected to enhance liquidity and retail participation.