Larsen and Toubro (L&T) Buyback 2023 Record Date, Price & Ratio Details

L&T buyback 2023 was announced on July 25, 2023. The Larsen and Toubro buyback open date will be September 18. Larsen and Toubro buyback record date is fixed as on September 12, 2023. The investor should buy the Larsen and Toubro shares before the record date to get eligibility for the buyback.

Larsen and Toubro Buyback 2023

Table of Contents

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 Tentative TimeTable

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 RatioInvestmentShares BuybackProfit
33%₹171,85522₹9,570
50%₹171,85533₹14,355
75%₹171,85550₹21,750
100%₹171,85567₹29,145

Larsen and Toubro Financial Report

₹ in Crores
YearRevenueExpensePAT
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.

Larsen and Toubro Buyback 2023 FAQs


When is Larsen and Toubro Buyback 2023 Record Date?

Larsen and Toubro buyback 2023 record date is September 12, 2023.

When is Larsen and Toubro Buyback 2023 Open Date?

Larsen and Toubro buyback 2023 open date is September 18, 2023.

What is Larsen and Toubro Buyback 2023 Price?

The company has fixed the price at ₹3200 per share.

How to apply for Larsen and Toubro Buyback 2023?

As per the record date you need to have Larsen and Toubro shares in your Demat Account. You can participate in buyback after having the stock in your Account.

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