July 12, 2013 3:52 pm
L & T issued bonus shares at 1:2 ratio.I have 7 shares.As per declared ratio I will get 14 more shares and I shall have overall 21 shares.Is my calculation right?Pl reply.
It is 1 bonus share for 2 shares you hold,if you have 10 shares you will get 5 as bonus (total of 15),
If you have 7 shares you will get 3 shares as bonus.
to add the above , you will get sale proceeds of your fractional (less than 1) bonus share from the company.
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