1:1 bonus issue by Ashok Leyland

 | June 16,2011 10:28 am IST

The Board of Directors of commercial vehicle manufacturer Ashok Leyland Ltd Wednesday approved 1:1 bonus share.


The bonus issue in proportion of one share of Re.

1/- each for every share held is subject to statutory and shareholder's approval at the company's annual general meeting July 19, a company statement issued here said.


"Ashok Leyland has always endeavoured to create greater value for the shareholders and this is just one more step in that direction," said Chairman Dheeraj G. Hinduja.