Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Larsen & Toubro Board Approves Rs 9,000 Crore Buyback Plan, It's First Ever

In a stock exchange filing, Larsen & Toubro (L&T) said its board has approved the proposal to buy back six crore shares at a maximum price of Rs 1,500 apiece.

PTI

Updated:August 23, 2018, 12:15 PM IST
facebookTwitterskypewhatsapp
Larsen & Toubro Board Approves Rs 9,000 Crore Buyback Plan, It's First Ever
Representative image
Loading...

New Delhi: Larsen & Toubro board on Thursday approved the proposal to buy back six crore shares amounting to Rs 9,000 crore to reward its shareholders.

In a stock exchange filing, Larsen & Toubro (L&T) said its board has approved the proposal to buy back six crore shares at a maximum price of Rs 1,500 apiece.

The buyback price is at over 13 per cent premium to Tuesday's closing price of Rs 1,322.15 per share.

This is L&T's first-ever share buyback proposal. The buyback size is 4.29 per cent of paid-up equity capital of the company.

This year, boards of many IT firms including TCS, HCL Technologies and Mphasis have approved proposals to buy back shares.

Shares of L&T were trading 2 per cent higher at Rs 1,348.65 on BSE.

| Edited by: Nitya Thirumalai
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
ICICI Lombard 1,102.00 -6.26
Reliance 1,295.85 2.65
Axis Bank 781.65 2.46
Indiabulls Hsg 621.55 0.40
Tata Steel 498.00 2.42
Company Price Change %Gain
Reliance 1,295.80 2.63
Indiabulls Hsg 621.75 0.42
Yes Bank 110.05 -1.70
ICICI Lombard 1,102.10 -6.40
Tata Steel 497.60 2.36
Top Gainers
Company Price Change %Gain
JSW Steel 267.05 3.59
BPCL 393.10 3.22
Reliance 1,295.85 2.65
Axis Bank 781.65 2.46
Tata Steel 498.00 2.42
Company Price Change %Gain
Reliance 1,295.80 2.63
NTPC 138.90 2.51
Axis Bank 781.85 2.49
Tata Steel 497.60 2.36
Power Grid Corp 201.55 1.31
Top Losers
Company Price Change %Gain
Yes Bank 110.05 -1.70
Bharti Infratel 269.80 -1.10
Asian Paints 1,363.10 -0.95
IndusInd Bank 1,449.65 -0.81
Tech Mahindra 724.35 -0.54
Company Price Change %Gain
Yes Bank 110.05 -1.70
Asian Paints 1,363.20 -0.96
IndusInd Bank 1,450.05 -0.73
HUL 1,756.35 -0.42
Larsen 1,535.05 -0.41

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results