Larsen and Toubro to Buyback Shares Worth Rs 9000 Cr,

Larsen and Toubro to Buyback Shares Worth Rs 9000 Cr,
The Board of Larsen & Toubro (L&T)  approved a proposal to buy back Rs 9,000 crore worth shares, citing cash on hand and no capital expenditure in near future. Under the proposal, first for the company and the segment, L&T plans to buy back six crore shares at a maximum price of Rs 1,500 apiece, which is over 13% premium to Tuesday’s closing price of Rs 1,322.15.
Share it

Leave a Reply

Your email address will not be published. Required fields are marked *