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Comparision between Larsen & Toubro Buyback 2023 and Piramal Enterprises Buyback 2023.
Larsen & Toubro Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Piramal Enterprises Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Larsen & Toubro Limited | Piramal Enterprises Limited | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE, NSE | BSE, NSE | ||||||||||||||||||
Face Value | ₹2 per share | ₹2 per share | ||||||||||||||||||
Buyback Price | ₹3200 per share | ₹1250 per share | ||||||||||||||||||
Issue Size | 3,12,50,000 shares | 1,40,00,000 shares | ||||||||||||||||||
Issue Size (Amount) | ₹10,000.00 Crores | ₹1,750.00 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Link Intime India Private Ltd | ||||||||||||||||||
Lead Managers | Jm Financial Limited | Jm Financial Limited | ||||||||||||||||||
Necessity of the buyback | The Buyback is being undertaken for the following reasons: 1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them. 2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value. |
The Buy Back is being proposed by the Company to fulfill the following objectives:
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Larsen & Toubro Buyback 2023 and Piramal Enterprises Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Larsen & Toubro Buyback 2023 Buyback record date is Sep 12, 2023. Piramal Enterprises Buyback 2023 Buyback record date is Aug 25, 2023.
Larsen & Toubro Limited | Piramal Enterprises Limited | |
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Record Date | Sep 12, 2023 | Aug 25, 2023 |
Offer Open Date | Sep 18, 2023 | Aug 31, 2023 |
Offer Closure Date | Sep 25, 2023 | Sep 06, 2023 |
Last date for receipt of tender forms | Sep 25, 2023 | Sep 06, 2023 |
Finalisation of buyback | Sep 27, 2023 | Sep 12, 2023 |
Last Date for settlment of bids | Sep 28, 2023 | Sep 13, 2023 |
Last Date for extinguishment of shares | Oct 11, 2023 | Sep 25, 2023 |
Comparison of Larsen & Toubro Buyback 2023 and Piramal Enterprises Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Larsen & Toubro Limited | Piramal Enterprises Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial |
Amount in ₹ Crore |
Amount in ₹ Crore |
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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Stock price at NSE (in preceding 3 months)
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