L&T Buyback of ₹10,000 crores approved by the board of directors at the meeting was held on July 25, 2023. Larsen and Toubro Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price of ₹3200 per Equity Share and for an aggregate amount not exceeding ₹10,000 crores from the shareholders. Check out Larsen and Toubro Buyback 2023 details below:
Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over eight decades.
They are engaged in core, high-impact sectors of the economy, and our integrated capabilities span the entire spectrum of ‘design to delivery’. Every aspect of L&T’s business is characterized by professionalism and high standards of corporate governance. Sustainability is embedded into our long-term strategy for growth. The Company’s manufacturing footprint extends across eight countries in addition to India. L&T has several international offices and a supply chain that extends around the globe. L&T leads in nearly every sphere of business it operates in. Serving customers in more than 50 countries, across various industries. Explore our offerings by Industry or by Business.
L&T Buyback History
- Larsen & Toubro Limited Buyback 2018
Larsen and Toubro Buyback 2023 Dates
| Buyback Meeting Date: | July 25, 2023 |
| Buyback Announcement Date: | July 25, 2023 |
| Buyback Record Date: | September 12, 2023 |
| Last Date to Buy Shares: | September 11, 2023 |
| Buyback Open Date: | September 18, 2023 |
| Buyback Close Date: | September 25, 2023 |
| Finalization of Buyback Acceptance: | September 27, 2023 |
Larsen and Toubro Buyback 2023 Offer Details
Larsen and Toubro buyback of 31,250,000 equity shares at a price of ₹3200 per equity share. The buyback offers not to exceed ₹10000 crores of the total buyback offer size.
| Offer Amount: | ₹10000 Crores |
| Number of Shares: | 31,250,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹3200 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | Open Market |
| Letter of Offer: | Click Here |
Larsen and Toubro Buyback 2023 Acceptance Ratio
The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹171,855 | 22 | ₹9,570 |
| 50% | ₹171,855 | 33 | ₹14,355 |
| 75% | ₹171,855 | 50 | ₹21,750 |
| 100% | ₹171,855 | 67 | ₹29,145 |
Larsen and Toubro Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹135,979 | ₹112,519 | ₹12,921 |
| 2022 | ₹156,521 | ₹132,195 | ₹10,419 |
| 2023 | ₹183,341 | ₹156,561 | ₹12,531 |
How to Participate in Larsen and Toubro Buyback 2023
The investors are eligible for the buyback scheme who have Larsen and Toubro shares in their Demant Account as on the Record Date. Eligible Holders can participate in the Larsen and Toubro Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Larsen and Toubroepted shares by the company under the Larsen and Toubro buyback scheme.
Larsen and Toubro Buyback 2023 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Larsen and Toubro Buyback 2023 Lead Managers
- Jm Financial Limited
- Axis Capital Limited
Larsen and Toubro Company Address
Larsen & Toubro Limited
L&T House, N.M. Marg,
Ballard Estate,
Mumbai – 400 001
Phone: +91 22 67525656
Email: [email protected]
Website: https://www.larsentoubro.com/
How to Apply the Larsen and Toubro Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Larsen and Toubro”. Click on Place Order. Enter your Quantity and submit Larsen and Toubro Buyback Application Form.
How to Apply the Larsen and Toubro Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Larsen and Toubroount Section. You will see the Company Name “Larsen and Toubro”. Click on Larsen and Toubro Stock for Buyback. Enter your Quantity and submit Larsen and Toubro Buyback Application Form.
How to Apply the Larsen and Toubro Buyback through Larsen and Toubro Money?
Log in to Larsen and Toubro Money Application with your credentials. Select the Larsen and Toubro. Enter your Quantity and submit Larsen and Toubro Buyback Application Form.
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