Ashok Leyland bonus share issue: Board meet slated on May 23; stock rises 3%
Stock Market today: For Ashok Leyland bonus share issue, the Board meeting is slated on 23 May, 2025. The Ashok Leyland share price gained up to 3% in the morning trades on Tuesday following the bonus issue announcement
Ashok Leyland intimated the National Stock Exchange of India and the Bombay Stock Exchange or the BSE about the Board meeting sates to consider the Bonus issue on 23 May 2025
According to Ashok Leyland, in accordance with their letter from May 8, 2025, in which they indicated that, among other things, a Board meeting is planned for May 23, 2025, to discuss the standalone and consolidated audited financial statements for the fiscal year that concluded on March 31, 2025, they also wish to inform you that, at the meeting dated 23rd May 2025, the Board of Directors may consider the proposal for issue of Bonus shares, subject to requisite approvals as required.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
3 days ago
- Business Standard
Board of Ratnaveer Precision Engineering approves fund raising of Rs 211 cr
At meeting held on 06 June 2025 The Board of Ratnaveer Precision Engineering at its meeting held on 06 June 2025 has approved to increase authorised share capital from Rs 65 crore to Rs 85 crore. The board also approved amendment in Clause 3 (B) of the Memorandum of Association of the Company by inserting new ancillary object. Subject to the provisions of the Companies Act, 2013 and the Articles of Association, to lend or deposit moneys or grant loans belonging to or entrusted to or at the disposal of the Company to such person or company or entities and in particular to customers and others having dealings with the Company with or without security, upon terms as may be thought proper and guarantee the performance of contracts by such person or company but not to do the business of banking as defined in the Banking Regulation Act, 1949 and to make advances upon or for the purchase of materials, goods, machinery, stores and other articles required for the purpose of the Company." The Board also approved raising of funds up to Rs 211 crore by way of equity issuance.
Hans India
4 days ago
- Hans India
Piyush Goyal in Italy, meets biz leaders to strengthen strategic collaborations
Rome: Union Commerce and Industry Minister Piyush Goyal, during his official visit to Italy, interacted with Mirco Maschio, Chairman of the Board at Maschio Gaspardo, a global leader in sustainable agricultural solutions, focusing on the prospects for collaboration as India advances in its effort to modernise the sector. 'Had a fruitful discussion with Mirco Maschio, Chairman of the Board at Maschio Gaspardo, a global leader in sustainable agricultural solutions. As India moves towards modernising its agricultural sector, discussed the tremendous opportunities it presents for collaboration,' Goyal posted on X on Friday. The Indian Minister also met Veronica Squinzi, CEO and Global Development Director of MAPEI Group, manufacturers of chemical products for the building industry. Both sides discussed the growing opportunities for MAPEI in India, driven by the country's rapid infrastructure growth and increasing demand for advanced construction solutions. Meanwhile, during a meeting with Sonia Bonfiglioli, Chairwoman and CEO of Bonfiglioli, an engineering company with a longstanding presence in India, Goyal appreciated their continued confidence in India's growth story. They discussed the company's progress in India and new avenues to boost manufacturing, Research and Development, and innovation under Prime Minister Narendra Modi's Make in India initiative. Goyal, during a constructive meeting with Mario Gnutti, Vice President of Gnutti Carlo Group, a leader in the automotive sector, explored how the company could strengthen its India presence and help boost local manufacturing, as significant opportunities have opened in India to also serve global demands. On Thursday, the Minister reiterated India's shared commitment to speed up the India-EU free trade agreement (FTA). Addressing the Italy-India Business Forum, the minister said he had three meetings, in less than 35 days, with 'my friend Maros Sefcovic, EU Commissioner for Trade and Economic Security". 'This shows our shared commitment to speeding up the India-EU FTA,' he added. Prime Minister Narendra Modi and President of the European Commission, Ursula von der Leyen, have agreed to expedite the conclusion of the India-EU FTA by the end of the year. 'Our focus is on realising the Italy-India Joint Strategic Action Plan 2025-2029. Underscored the transformative potential of the IMEC Corridor and India-EU FTA. Also, extended an invitation to Italian enterprises to join India's growth story,' Goyal said in a post on X. India and Italy reaffirmed their commitment to deepening economic ties, with a strong focus on enhancing trade, joint ventures and connectivity through the India-Middle East-Europe Economic Corridor (IMEEC). In a joint press conference, Italy's Deputy Prime Minister Antonio Tajani said there is 'huge scope' for boosting India-EU trade through the potential offered by IMEEC. Tajani called for stronger collaborations in sectors such as space, technology, steel and aluminium.
Mint
4 days ago
- Mint
Ashok Leyland to Samvardhan Motherson: Auto stocks rise after 50 bps repo rate cut in RBI MPC meeting
Stock Market Today: Ashok Leyland to Samvardhan Motherson, the Auto stocks saw a sharp rise after the 50 bps repo rate cut announced in RBI MPC meeting. The rate sensitive Auto stocks got a tailwind as the reduces lending rates could spurt sales of Passenger Vehicles, Two wheelers, commercial vehicles etc Nifty Auto index gained near 1%. The Nifty Auto Index opened at 23,343.05 almost 1.6% higher than the previous days closing price of - 23,306.206 in anticipation of some rate cat announcement by the Reserve Bank of India as it announced the RBI MPC otcome. However the RBI governor made a surprise repo rate cut by 50 basis point coupled with CRR or cash reserve ratio or CRR cut by 100 bps
