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L&T approves bonus issue at ratio of 1:1

The board has recommended a Dividend of Rs 15/- per share together with the Special dividend of Rs 2/- per share declared on July 03, 2007
Board of Directors of Larsen & Toubro Ltd (L&T) has decided to issue Bonus Shares in the ratio of 1:1 (1 share of Rs 2/- each to be issued for every 1 share of Rs 2/- each held) subject to the approval of the Shareholders.
The board has recommended a Dividend of Rs 15/- per share together with the Special dividend of Rs 2/- per share declared on July 03, 2007, works out Rs 17/- per share for the year (previous year Rs 13/- per share).
L&T today opend at Rs2735 and saw high of Rs2949 and low of Rs2715.
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