Shareholders nod to L&T for 1:1 bonus scheme

The AGM had approved the scheme where one bonus share will be issued to shareholders per share held.

Engineering and construction major Larsen & Toubro Ltd has received shareholders approval for issuing bonus shares in the ratio of 1:1.

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The AGM held recently approved the bonus issue, where one bonus share would be issued to the shareholders for every one share held, the company informed the Bombay Stock Exchange.

Shares of the company were trading at Rs 2,364 on the BSE, up 0.52 per cent.