L&T’s ₹10,000 cr share buyback opens; know the details
Shares are proposed to be bought back at ₹3,200 per share, over 9% higher than Friday’s closing share price
Shares are proposed to be bought back at ₹3,200 per share, over 9% higher than Friday’s closing share price
Larsen & Toubro has raised the buyback price from ₹3,000 to ₹3,200 per share, while it reduced size to 3.12 crore from 3.33 crore earlier.
The board of L&T has approved the buyback of equity shares worth ₹10,000 crore at maximum price of up to ₹3,000 per share through the tender offer route.
The board of L&T approved the buyback of up to 3.33 crore equity shares worth ₹10,000 crore at ₹3,000 apiece, a premium of 17% from the current trading price.