During it’s 63rd AGM, Larsen & Toubro has received the shareholders nod to proceed with it’s bonus issue. The shares would be issued in the ratio of 1:1, meaning one bonus share for every one equity share held by the existing shareholders as on the record date, which has been fixed as 03-Oct-08.

In case you have any doubts regarding the dates and when the stock goes ex-bonus, this notice from BSE explains things quite nicely. :)

In addition to the bonus, the company has also declared dividend of Rs.15 per share (FV Rs.2).

This is a good stock to have in your portfolio especially if you stay invested for a couple of years. It has also not allowed the recent slowdown to affect it’s business too much as compared to it’s peer group.



Related Posts Plugin for WordPress, Blogger...

You may also like to read: