Larsen & Toubro, BPCL trade ex-bonus

BPCL and L&T were trading 1% higher at Rs 465 and Rs 1,173, respectively, at 09:20 am.

Shares of two Nifty 50 companies, Larsen & Toubro (L&T) and Bharat Petroleum Corporation Limited (BPCL) are trading at their adjusted price of 1:2 bonus shares.

The board of directors of L&T and BPCL during last week of May, 2017, had approved issue of bonus shares in the ratio of 1:2 (i.e. one bonus equity share for every two fully paid equity shares held). L&T has fixed July 14, while BPCL fixed July 15 as the record date to identify eligible shareholders for the purpose of bonus shares.

At 09:20 am; BPCL was trading 1% higher at Rs 465