• search

L

Written by: Staff
|

Chennai, Jun 7 (UNI) Larsen&Toubro Limited (L&T) today declared a 1:1 bonus issue for its existing shareholders.

The was in deference to the longstanding expectation of shareholders, a company release said here.

This would increase L&T's capital base to a level that would better reflect its current scale of operations and also add depth.

It will eventually create a larger market float thus increasing liquidity and turnover of L&T shares on the stockmarket.

The company's earlier bonus issue was declared in 1986 in the ratio of 3:5.

The presence of the company in almost all the core sectors of the economy had made investment in the L&T stock a surrogate investment in the growing infrastructure sector in India, the release claimed.

The company also stood to gain substantially from the capex plans of companies setting up capacities to meet growing demand in sectors such as petroleum exploration and refining, steel, cement, power and petrochemicals.

It was also playing an increasing role in supplying equipment to defence and aerospace sectors, it said.

UNI AKN GM 1829

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X

Loksabha Results

PartyLWT
BJP+104249353
CONG+296089
OTH8119100

Arunachal Pradesh

PartyLWT
BJP81523
CONG123
OTH347

Sikkim

PartyLWT
SKM3811
SDF5510
OTH000

Odisha

PartyLWT
BJD1090109
BJP23023
OTH14014

Andhra Pradesh

PartyLWT
YSRCP6782149
TDP121325
OTH101

TRAILING

Dolly Sharma - INC
Ghaziabad
TRAILING
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more