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May 22, 2013, 01.48 PM IST | Source: Moneycontrol.com

Larsen & Toubro approves bonus issue in 1:2 ratio

Larsen & Toubro in its meeting held on May 22, 2013, has recommended for approval of the shareholders issue of bonus shares to the holders of equity shares of the Company in the ratio of 1:2.

Larsen & Toubro Ltd has informed BSE that, to commemorate the occasion of the platinum jubilee of the Company, the Board of Directors of the Company in its meeting held on May 22, 2013, has recommended for approval of the shareholders issue of bonus shares to the holders of equity shares of the Company in the ratio of 1:2 (i.e. one bonus equity share of Rs.2/- each for every two fully paid up equity shares of Rs. 2/- each held).Source : BSE

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