What to watch. LG Balakrishnan: Ex-bonus on Thursday

Shares of LG Balakrishnan & Bros will turn ex-bonus on Thursday. The company is rewarding its shareholders with one bonus share for each share held. To become eligible to receive the bonus shares, investors must buy the company’s shares by Wednesday. This is the third bonus issue from the Coimbatore-based company after 2003 and 2014. The company had also considered, approved and recommended a dividend of ₹4.50 a share of ₹10 for FY ended March 2018.