Larsen & Toubro Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

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Larsen & Toubro Buyback 2023

Larsen & Toubro Buyback 2023 description – Headquartered in Mumbai, Larsen & Toubro is one of the largest and most respected companies in India’s private sector. With over 80 years of a strong, customer-focused approach and a continuous quest for world-class quality, Larsen & Toubro is a multinational conglomerate that is primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key businesses such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets.

As of March 2023, the company notched annual Order Inflows of more than INR 2 lakh crore. Consequently, the Order Book of the company today stands at a record high of INR ~4 lakh crore which, apart from being well diversified, also provides a multiyear revenue visibility. The Group revenues stood at INR 1.8 lakh crore for the year, registering a growth of 17% year-on-year – the best achieved in the last five years. The Group’s operating PAT for the year, at INR 10,374 crore, grew by 21% year-on-year.

Larsen & Toubro Limited

Larsen & Toubro Share Buyback 2023 Details

Larsen & Toubro Buyback Dates18 – 25 September 2023
Larsen & Toubro Buyback Price INR 3,200 per share
(Revised from INR 3,000 per share)
Market Price on Buyback ApprovalINR 2,561.95 per share
Buyback Premium on Market PriceNA
Buyback Offer Size (Shares)3,12,50,000 shares
Buyback Offer Size (Amount)INR 10,000 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtBSE, NSE

Larsen & Toubro Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal20 July 2023
Buyback Approval Date25 July 2023
Public Announcement of Buyback28 Aug 2023
Larsen & Toubro Buyback Record Date12 Sep 2023
Buyback Opening Date18 September 2023
Buyback Closing Date25 September 2023
Cut-off Date to receive completed tender forms by Registrar25 September 2023
Verification Date by the Registrar27 September 2023
Return of unaccepted shares by Registrar29 September 2023
Extinguishment of accepted shares11 October 2023

Larsen & Toubro Buyback 2023 Documents

Letter of Offer
Public Announcement
Revised Buyback Offer Price
Board Approval
Upcoming Share Buyback


Larsen & Toubro Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
9/3823.68
General category
(for all other Eligible Shareholders)
11/5741.92
* Calculated by IPO Central based on the latest retail shareholding pattern

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.


Larsen & Toubro Financial Performance

FY 2021FY 2022FY 2023
Revenue135,979156,521183,341
Total Expenses127,173144,378169,297
Net income 12,90710,29112,625
Figures in INR crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 3,200
Maximum shares for small shareholder (2,00,000/3,200)63 shares *
Closing price of stock as on 25 July 2023INR 2,561.95**
Maximum amount invested in buyback (INR 2,561.95 x 63 shares)INR 161,403
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Larsen & Toubro Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
631515 (100%)9,570.755.93
631530 (200%)19,141.511.86
631545 (300%)28,712.2517.79

Registrar of Larsen & Toubro Buyback 2023

KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com


Manager of Larsen & Toubro Buyback 2023

JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone: +91 22 6630 3030
Email[email protected]
Website: www.jmfl.com


Process to Participate in Larsen & Toubro Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.


Frequently Asked Questions

What are Larsen & Toubro buyback dates?

Larsen & Toubro share buyback opens on 18 September 2023 and closes on 25 September 2023.

Which type of is Larsen & Toubro buyback offer?

Larsen & Toubro buyback is a tender offer.

What is the Larsen & Toubro buyback price?

Larsen & Toubro buyback price is INR 3,000 per share.

What is the Larsen & Toubro buyback record date?

Larsen & Toubro buyback record date is 12 September 2023.

How to participate in Larsen & Toubro share buyback?

Larsen & Toubro share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.

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