Shares of Hinduja Foundries will remain in focus, as they will turn ex-date on Tuesday for its merger. The automobile component firm will be merged with Ashok Leyland. Hinduja Foundries shareholders will get 40 shares of Ashok Leyland for every 100 equity shares held in the company. Investors who wish to receive ALL shares have to buy Hinduja Foundries shares by Monday, as the company has fixed June 7 as the record date to identify eligible shareholders.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.