Engineering and construction major Larsen & Toubro on Friday said it would issue one bonus share for every one equity share held by the existing shareholders.
The shareholders took a decision to this effect at the 63rd annual general meeting, L&T said in a regulatory filing to the Bombay Stock Exchange.
The stakeholders gave their final permission for bonus issue in the proportion of one equity share for every one equity share held by the existing shareholders, it said.
The company has also declared the dividend at Rs 15 per share, having a face value Rs 2 each, L&T added.
The company has fixed October 3 as record date for issuing of bonus shares, it said.
Shares of the company closed at Rs 2589.85, up 3.53 per cent from the previous close on the BSE.
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