Realty firm Lancor Holdings today approved allotment of over 2.02 crore bonus shares to its shareholders.
The bonus shares would be allotted in the ratio of one equity share for every one equity share held, Chennai-based realty firm said in a filing to the BSE.
"The bonus issue 2015 committee of the board of directors on June 26, passed a resolution for allotment of 2.02 crore shares of Rs 2 each to the shareholders of the company who held the shares on the record date that is June 25 as bonus shares...," it added.
Lancor Holdings has completed about 50 projects mostly in Chennai with a built up area of 4 million sq ft. It is developing currently 4 projects. It has also developed projects in Bengaluru, Kolkata and Coimbatore.
