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Larsen & Toubro Ltd Buyback Aug 2018

Rated 4/5 by Team InvestorGain

Latest update 19th Jan 2019 - Offer Withdrawn.

Aug 20, 2018: This is First time where L&T has planned for Buyback. The company has cash and cash equivalents worth Rs 8,700 Cr as per March 2018 financial books and the company need to distribute this via buyback or dividend to shareholders.

What is the L&T share buyback offer?

Aug 23, 2018: L&T (BSE:500610 | NSE:LT) board has approved a proposal for buyback of up to 6.10 Cr shares at Rs 1475 per share, aggregating Rs 9000 Cr which is 4.29% of total paid-up equity shares capital.

What is Larsen & Toubro Ltd Buyback details?

Below is the complete details about Larsen & Toubro Ltd Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Withdrawn
Buyback Number of Shares: 6 Cr
Buyback Price: Rs 1475
Buyback Offer Size (In %): 4.29%
Total Share Capital: Rs 173,888 Cr
Face Value: 2 Per Equity Share

Can I Invest today to participate in Larsen & Toubro Ltd buyback offer? No

What are Larsen & Toubro Ltd Buyback Important Dates?

In this section we have covered all important dates related to Larsen & Toubro Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

Larsen & Toubro Ltd buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 23rd Aug 2018
Buyback Approval date 20th Sep 2018
Public Announcement of Buyback 20th Sep 2018
Record Date 15th Oct 2018
Buyback opens on/Buyback Opening Date Not Yet Announced
Buyback closes on/Buyback Closing Date Not Yet Announced
Cut-off date to receive completed tender forms by Registrar
Cut-off date for verification by the Registrar Not Yet Announced
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
Not Yet Announced
Last date of settlement of bids on the stock exchange Not Yet Announced
Last date to return unaccepted shares by Registrar Not Yet Announced
Last date of extinguishment of Equity Shares Not Yet Announced

Larsen & Toubro Ltd Share Holding Pattern as of June 2018

Stock Holding table gives a clear picture on retail investor holdings of Larsen & Toubro Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

Holding Type In %
Promoter-Foreign 0.0%
Promoter-Indian 0.0%
Non-Promoter-Institutions 57.79%
Non-Promoter-Non-Institutions 42.21%

Larsen & Toubro Ltd Draft Letter of Offer >>Document

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Tanla Platforms LtdTender OfferRs 170 Cr1200815.45 (-0.97%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.35 (-5.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500282.15 (-0.97%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10573.63 (-2.54%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003257.85 (-2.53%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175163.90 (0.09%)02-04-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

Larsen & Toubro Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Larsen & Toubro Ltd? How can I apply in Larsen & Toubro Ltd Buyback offer?

Company Contact Information

L&T House,
Ballard Estate,
Mumbai,MH-400001
Website: http://www.larsentoubro.com

Registrar Contact Information

Karvy Computershare Private Ltd.
Karvy Selenium Tower B,
Plot No. 31-32, Gachibowl
Hyderabad - 500032
Telangana
Website: http://www.karvycomputershare.com

Last Updated on 2019-02-12T09:56:11+00:00

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User Reviews

7. Manish kothari Jan 19 2019 02:48:40 PM Reply

Latest update 19th Jan 2019 - Offer Withdrawn - Since the ratio of the aggregate of secured and unsecured debts owed by the Company after buyback (assuming full acceptance) would be more than twice the paid-up capital and free reserves of the Company based on consolidated financial statements of the Company, the buyback offer is not in compliance with Section 68(2)(d) of Companies Act, 2013 and Regulation 4(ii) of SEBI (Buyback of Securities) Regulations, 2018. You are therefore advised not to proceed with this buyback offer.

6. CA Sachin jain Nov 27 2018 06:43:34 PM Reply
Experts Comments - Acceptance Ratio Tentative- 40%+
5. Test Nov 21 2018 10:55:21 AM Reply
When L&T and MPHASIS buy back will start, it is very very delayed, record date of L&T was 15-Oct and MPASIS was 25-Oct
5.1. Kunal Raja Nov 22 2018 09:29:27 AM
Yes, this is taking really a long time. SEBI should put some guidelines like IPO so this process can complete much faster.
4. CA Sachin jain Oct 03 2018 10:26:52 PM Reply
Postal Ballot result - Approved the buyback of L&T, Record date will be announce in 2-3 days. Expected record date is 15 Oct 2018.
3. CA Sachin Jain Aug 20 2018 02:26:44 PM Reply
The expected buyback is between Rs 8000 to 12000 Cr. Expected buyback price is Rs 1480.
3.1. CA Sachin Jain Aug 23 2018 02:45:02 PM
L&T Buyback announced today - Its Rs 9000 Cr buyback @1500 Rs per share.
2. Priyanka Aug 23 2018 02:43:51 PM Reply
"L&T is sitting on very heavy cash, It may not be the last buyback as cash on books stand at $2.1 billion. We maintain �buy' on L&T with a target price of Rs 1,730, ' CLSA added.
If that''s the case its good time to invest in L&T.
1. Ran Krishna Aug 21 2018 11:51:14 AM Reply
What will be the record date for LT buyback?
8.1. CA Sachin Jain Aug 23 2018 02:41:33 PM
Record date is not yet announced for L&T, Today on 23rd company board approved buyback of Rs 9000 Cr @1500 Rs per share. The record date will be announced after the postal ballot.