FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Latest update 19th Jan 2019 - Offer Withdrawn.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.
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.
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Buyback Offer Amount: | Withdrawn |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
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.
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 |
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
The table below will give you a complete dashboard view for all open buyback offer in current market.
Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 815.45 (-0.97%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 140.35 (-5.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 282.15 (-0.97%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 73.63 (-2.54%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3257.85 (-2.53%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 163.90 (0.09%) | 02-04-2024 | TBD | TBD |
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?Last Updated on 2019-02-12T09:56:11+00:00
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.