Larsen & Toubro Limited
CANCELLED 🏷️ TENDER OFFERShare Buyback · Listed Equity · IPO Guide · Scrip: LT
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Buyback Summary:
Company is offering to buy back equity shares at ₹1,475.00 per share.
(Record Date: 15 Oct 2018)
Buyback Price
₹1,475
Total Shares
61,016,949
Record Date
15 Oct 2018
Expert Rating
The financials of the company looks very good, specifically for FY18 and FY19, RoCE is 137.63% and at CMP its looks reasonably priced. Fortunes of company depends on prices of Graphite Electrodes and any downside may significantly affect its profit. As on September 2018, there are 11.24% of retail share holding and reserved portion for RII will be 15%, so if all retail investors participate in Buyback, than expected acceptance ration would be 4.55%. So we give rating to this buyback.
Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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