Larsen & Toubro Buyback 2023
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.
Company is engaged in core, high impact sectors of the economy and its integrated capabilities span the entire spectrum of ‘design to delivery’.
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:||Sep 12 2023|
|Buyback Opening Date:||Sep 18 2023|
|Buyback Closing Date:||Sep 25 2023|
|Buyback Offer Amount:||₹ 10,000 Cr.|
|Date of Board Meeting approving the proposal:||Jul 25 2023|
|Date of Public Announcement:||Jul 25 2023|
|Buyback Offer Size:||2.22%|
|Buyback Number of Shares:||3,12,50,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 3200 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Cr)||Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Profit before tax||14,305||14,086||16,918||14,508||17,109|
|Net Profit +||10,217||10,894||12,921||10,419||12,531|
|EPS in Rs||63.48||68.02||82.47||61.7||74.5|
|Dividend Payout %||28%||26%||44%||36%||32%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,84,574||1,84,574||1,84,574||1,84,574|
|No. of Shares Buyback||20||31||46||62|