Hinduja Foundries to turn ex-date for merger

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.