L&T Announces Rs 10,000 Crore Buyback 

Larsen & Toubro announced a massive buyback of shares. Read More>> L&T Stock Details

L&T Shares Rally on Buyback News

[{"selector":"#anim-32c4dc94-bd09-4595-b009-cd34c392c2ae","keyframes":{"opacity":[0,1]},"delay":250,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6bd6a237-99c6-49de-b9f0-0845cb8cc707","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e26e941-8054-4986-891d-c23df5240c41","keyframes":{"transform":["translate3d(0px, 258.80346%, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] L&T stocks surge, hitting the day's high at Rs 2,931.65, up 0.85% from the previous close. L&T Stock Details

Buyback Price Revised to Rs 3,200

[{"selector":"#anim-3fa45982-28d8-43f3-a090-aee85cd21009","keyframes":{"opacity":[0,1]},"delay":250,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1d13f108-d70b-409a-a505-327d17ce1b43","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91c4f429-5140-4be6-8fc8-fa29bacb45c2","keyframes":{"transform":["translate3d(0px, 640.95600%, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] L&T raises final buyback price from Rs 3,000 to Rs. 3200, plans to repurchase 3.12 crore shares, reducing equity by 2.22%. L&T Stock Details

Record Date Sets Buyback Eligibility

[{"selector":"#anim-49e4fe92-91c8-4feb-900b-20f36fcfdde4","keyframes":{"opacity":[0,1]},"delay":250,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b83344fe-6793-4c0c-928b-6a517489bb49","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c6784d94-b126-4789-ae4a-4ba6936885cb","keyframes":{"transform":["translate3d(0px, 244.44440%, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] September 12 marked the record date for L&T's Rs 10,000 crore buyback, determining eligible shareholders. L&T Stock Details

L&T's Strategic Focus on RoE

[{"selector":"#anim-627533ce-c953-4f21-867a-2b47be3ba890","keyframes":{"opacity":[0,1]},"delay":250,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e9190cb-bf75-4409-a354-156d929af722","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-300160db-f2b6-4c3b-8260-cf459a0516c5","keyframes":{"transform":["translate3d(0px, 643.28155%, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] R. Shankar Raman, Whole Time Director & CFO, emphasizes RoE improvement in the company's strategic plan. L&T Stock Details

Funding Buyback with Surplus Cash

[{"selector":"#anim-529fc3c1-0951-4836-8f59-dc98fd284e3b","keyframes":{"opacity":[0,1]},"delay":250,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65d5238f-2351-4739-b865-6d173c7c07f4","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-88f10724-e804-43d6-a04e-a81a32aa5a30","keyframes":{"transform":["translate3d(0px, 217.70024%, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] L&T intends to use internal accruals, surplus, and cash balances to finance the Rs 10,000 crore buyback. L&T Stock Details

Share Buyback: Enhancing Value

[{"selector":"#anim-cb9e7da8-fdfb-4664-98ea-cca70a89b10d","keyframes":{"opacity":[0,1]},"delay":250,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-efac645b-00c4-474e-88b2-6373f92e9c59","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd93b54d-614f-4fa9-94d4-7ccaca285b1c","keyframes":{"transform":["translate3d(0px, 347.93279%, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] L&T's buyback aims to give cash back, tax-efficiently, reducing available shares and increasing stock value. L&T Stock Details