Well, just got this through CNBC TV 18, party time for all L&T share holders. They had a Board Meeting today in which they have declared 1:1 bonus for all L&T shareholders. It may take about 1-2 months to get the shares into our account.
Source: Just saw on CNBC TV 18.
Mittal Steel's takeover of Arcelor has won support from the Luxembourg government, which owns 5.6% of Arcelor.
The Grand Duchy of Luxembourg, where Arcelor has its HQ, has dropped its previous opposition to the deal, and wants to own shares in the new group.
Meanwhile, a group of...
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