/ Larsen & Toubro Announces Record Date For Bonus Issue ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 2 June 2017

Construction & engineering player, Larsen & Toubro has fixed record date as July 14, 2017 for the purpose of bonus issue.

The bonus shares will be issued out of free reserves including securities premium of the company available on Mar 31, 2017.

The bonus ratio is 1:2 i.e. one equity share of Rs 2 each for every 2 fully paid up equity shares held as on the record date.

The pre-bonus paid up share capital  as on date is Rs 186,68,32,914 consisting of 93,34,16,457 equity shares of Rs 2 each.

The post paid up share capital of the company is expected to be around Rs 283,48,42,834.

The estimated date is within 2 months from the date of board approval i.e. by July 28,2017.

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