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L&T's board approves Rs 90-billion share buyback proposal at Rs 1500 apiece

L&T's board approves Rs 90-billion share buyback proposal at Rs 1500 apiece

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Market  |  Larsen & Toubro (l&t)

The board of engineering conglomerate Larsen & Toubro (L&T) approved on Thursday the proposal to buy back 4.29 per cent of its paid-up equity capital, valued at Rs 90 billion.

This was L&T's first-ever share buyback proposal. "The company at its meeting held today has approved a proposal to buy back up to 6,00,00,000 equity shares of the company being 4.29% of the total paid up equity share capital, at a maximum price of Rs 1500 per equity share for an aggregate amount of Rs 90 billion," the company said in its statement to BSE. With ...

First Published: Fri, August 24 2018. 18:22 IST
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