L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200
The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share
Shares of Larsen & Toubro (L&T) rallied 4 per cent on the BSE to scale a fresh high of Rs 2,998 in Tuesday’s intra-day trade after the company revised its buyback price upwards from Rs 3,000 to Rs 3,200 per share.
At the same time, maximum no of shares to be bought back has been reduced to about 31.2 million shares from about 33.3 million shares earlier. The revised buyback represents 2.22 per cent of the paid up equity share capital of the company.
The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share
Shares of Larsen & Toubro (L&T) rallied 4 per cent on the BSE to scale a fresh high of Rs 2,998 in Tuesday’s intra-day trade after the company revised its buyback price upwards from Rs 3,000 to Rs 3,200 per share.
At the same time, maximum no of shares to be bought back has been reduced to about 31.2 million shares from about 33.3 million shares earlier. The revised buyback represents 2.22 per cent of the paid up equity share capital of the company.