Larsen & Toubro Limited Buyback 2018
Larsen and Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors – Hydrocarbon, Infrastructure, Power, Process Industries, and Defence – for customers in over 30 countries around the world.
L&T is engaged in, core, high impact sectors of the economy and our integrated capabilities span the entire spectrum of ‘design to deliver’. With 8 decades of a strong, customer-focused approach and a continuous quest for world-class quality, we have unmatched expertise across Technology, Engineering, Construction, Infrastructure Projects and Manufacturing, and maintain a leadership in all our major lines of business.
Every aspect of L&T’s businesses is characterised 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.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Oct 15 2018|
|Buyback Offer Amount:||₹ 9000 Cr|
|Date of Board Meeting approving the proposal:||Aug 23 2018|
|Date of Public Announcement:||Aug 23 2018|
|Buyback Offer Size:||4.29%|
|Buyback Number of Shares:||6,10,16,949|
|Buyback Price:||₹ 1475 Per Equity Share|
Details of Buyback:
Shareholding Pattern Pre and Post buyback:
|Category||No Equity Shares||%|
|Financial Institutions / SUUTI||32,15,48,460||22.94|
|Foreign Institutional Investors||26,08,10,030||18.60|
|Foreign Nationals/NRI/OCBs etc.||1,36,60,342||.97|
|Shares underlying GDRs||2,65,39,111||1.89|
|Directors & Relatives||15,43,530||0.11|
|L&T Employees Welfare Foundation||17,21,28,421||12.28|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||2,00,000||2,00,000||2,00,000||2,00,000|
|(ii) No. of Shares buyback||44||67||101||135|
|(iii) BuyBack Profit||10120||15410||23230||31050|