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Oct 05, 2023

Larsen & Toubro Limited on its buyback of equity shares, which is the largest share buyback this year till date

AZB represented Larsen & Toubro Limited on its buyback of equity shares, which aggregated to approximately ₹ 100 billion (₹ 3,200 per equity share), and is the largest share buyback this year till date.
The buyback was undertaken on a proportionate basis through the tender offer route, using the stock exchange mechanism.
The AZB team comprised our Senior Partner, Lionel D’Almeida; our Senior Associate, Sweta Ananthanarayanan; and our Associates, Neel Narsinghani and Vatsla Varandani

AUTHORS & CONTRIBUTORS

  • Partner:

    Lionel D’Almeida

  • Associates:

    Sweta Ananthanarayanan

    Neel Narsinghani

    Vatsla Varandani

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DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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