The Larsen & Toubro Buyback date has been Recorded on September 12, 2023. Read the post to learn about Larsen & Toubro Buyback.
Larsen & Toubro, headquartered in Mumbai, is one of India’s largest and most honored private- sector enterprises. Larsen & Toubro is a transnational empire primarily engaged in furnishing engineering, procurement, and construction( EPC) results in crucial businesses similar as structure, Hydrocarbon, Power, Process diligence and Defence, Information Technology, and Financial Services in domestic and transnational requests, with over 80 times of a strong, client- concentrated approach and a nonstop hunt for world- class quality.
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Key Details Of Larsen & Toubro Buyback:
Record Date
September 12, 2023
Buyback Price
₹3200 per equity share
Face Value
₹2 per share
Offer Closes On
September 25, 2023
Larsen & Toubro Buyback Price
The Larsen & Toubro Buyback price today is ₹[3200 per equity share ].
Larsen & Toubro Buyback Overview
The company had a monthly Order inrush of also INR 2 lakh crore as of March 2023. As a result, the company’s Order Book is now at a record high of INR 4 lakh crore, which, in addition to being largely diversified, also gives multi time profit visibility. The Group’s earnings for the time totaled INR1.8 lakh crore, representing a 17 time- on- time increase – the loftiest in the previous five times. The Group’s operating PAT for the time increased by 21 times to INR 10,374 crore.
Larsen & Toubro Share Buyback 2023 Details
| Larsen & Toubro Buyback Dates | Coming soon |
| Larsen & Toubro Buyback Price | INR 3,000 per share |
| Market Price on Buyback Approval | INR 2,561.95 per share |
| Buyback Premium on Market Price | 17.10% |
| Buyback Offer Size (Shares) | 3,33,33,333 shares |
| Buyback Offer Size (Amount) | INR 10,000 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Larsen & Toubro Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 20 July 2023 |
| Buyback Approval Date | 25 July 2023 |
| Public Announcement of Buyback | Coming soon |
| Larsen & Toubro Buyback Record Date | 24 August 2023 |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
Larsen & Toubro Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 4.53 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
Larsen & Toubro Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 135,979 | 156,521 | 183,341 |
| Total Expenses | 127,173 | 144,378 | 169,297 |
| Net income | 12,907 | 10,291 | 12,625 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 3,000 |
| Maximum shares for small shareholder (2,00,000/-) | 67 shares * |
| Closing price of stock as on 25 July 2023 | INR 2,561.95** |
| Maximum amount invested in buyback (INR 2,561.95 x 67 shares) | INR 1,71,651 |
Larsen & Toubro Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 67 | 4 | 4 (100%) | 1,752 | 1.02 |
| 67 | 4 | 8 (200%) | 3,504 | 2.04 |
| 67 | 4 | 12 (300%) | 5,257 | 3.06 |
Company Profile
Larsen & Toubro, an Indian transnational, is involved in EPC systems, Hi- Tech Manufacturing, and Services. With operations in further than 50 countries, L&T has established and maintained its leadership position in its major lines of business for over 80 times, thanks to its strong client focus and unvarying commitment to top- notch quality. The company’s moxie covers the entire diapason of “ design to delivery ” in core, high- impact sectors of the frugality. L&T’s professionalism and adherence to high norms of commercial governance are apparent in every aspect of its business operations. Sustainability is an integral part of the company’s long- term growth strategy. In addition to its presence in
India, L&T has manufacturing installations in eight other countries. The company also boasts multitudinous transnational services and a global force chain that spans across the world.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Larsen & Toubro Buyback Limited |
| Phone number | +91 22 67525656 |
| Email ID | [email protected] |
| Website | https://www.larsentoubro.com/ |
Buyback Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
Buyback Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Larsen & Toubro Buyback FAQs
Why is Larsen & Toubro Buyback 2023 coming up with buyback?
The Buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders’ value.
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.
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