• Saturday, August 13, 2022

Business

India’s Larsen & Toubro Ltd Approves £ 995.59 million Share Buyback

India’s Larsen & Toubro Ltd Approves 995.59 Million Pound Share Buyback.

By: Radhakrishna N S

Larsen & Toubro Ltd., one of the largest Indian multinational company headquartered in Mumbai will purchase back as much as 995.59 million pounds of its shares, the company said in a stock exchange filing on Thursday (23). The company will buy 60 million shares (or 4.3 percent of equity) at 16.59 pound apiece. The price is higher than the stock’s all-time high of 16.26 pound it reached on February 01, 2018. “The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanism in accordance…

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