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| Title | Detail |
|---|---|
| Company Name: | Larsen & Toubro Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹10000.00Cr |
| Buyback Number of Shares: | 3,12,50,000 |
| Buyback Price: | 3200 |
| Approx Entry Price: | 2490 |
| Promoters In: | Y |
| Record Date: | 12-09-2023 |
| Buyback Open Date: | 18-09-2023 |
| Buyback Close Date: | 25-09-2023 |
| Payment Date: | 27-09-2023 |
| Record Date Price: | 2944.1 |
| Maximum Retail Quantity: | 67 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 9 Equity Share out of every 38 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 23.68 |
| Acceptance Ratio General: | 11 Equity Share out of every 574 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 1.92 |
| Final Acceptance Ratio %: | - |
The Record Date for Larsen & Toubro Limited Buyback offer is 12th Sep 2023
Which means you should hold the Larsen & Toubro Limited share in your demat account by closing session of 12th Sep 2023. Share purchased on and before (12th Sep 2023) - 2 business days will be available in your demat account by 12th Sep 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Larsen & Toubro Limited shares at ₹2490 and buyback offer price is ₹3200, you can get ₹710 per accepted share. If you hold 80 shares of Larsen & Toubro Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 26 to 40 shares with the gain from buyback of ₹18460 to ₹28400.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 26 | ₹18460 |
| 50% | 40 | ₹28400 |
| 75% | 60 | ₹42600 |
| 100% | 80 | ₹56800 |
Steps to participate in Larsen & Toubro Limited buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Larsen & Toubro Limited: 18th Sep 2023
Buyback closing date for Larsen & Toubro Limited: 25th Sep 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 27th Sep 2023.
Buyback opening date for Larsen & Toubro Limited: 18th Sep 2023
Buyback closing date for Larsen & Toubro Limited: 25th Sep 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
