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2389 Comments

1609. Jigar

| Link|September 28, 2023 4:35:43 PMReply

Larsen & Toubro Buyback 2023

Buyback amount not yet credited to my account

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1609.4. Vimal Garodia

| Link|October 1, 2023 10:24:20 AM

Larsen & Toubro Buyback 2023

Ashish Khater, were your shares debited from demat Ac? And i am sure you know that amount is credited to the bank Ac linked with demat Ac directly and not to the trading Ac.

If still not received then call the registrar immidiately by phone, emails take a long time to resolve the issue..

1609.5. Ashish Khater

| Link|October 1, 2023 11:55:54 PM

Larsen & Toubro Buyback 2023

I have mailed my concern to the registrar. Amount has not been credited to the bank account till date. Hoping for a positive response from kfintech.

1608. Ashish Khater

| Link|September 30, 2023 6:56:48 PMReply

Larsen & Toubro Buyback 2023

Buyback amount not credited yet to my account. It should have been credited by now. What can be done??

1607. Kamal Kanta Gupta

| Link|September 13, 2023 10:20:40 PMReply

Piramal Enterprises Buyback 2023

Abhi tak mere account me buy back share ka amount nahi aaya hai kya kare ?...

1607.1. Premlatta Daga

| Link|September 29, 2023 8:08:22 PM

Piramal Enterprises Buyback 2023

My bybak share o24 by co but till 29/09/23. I have not recived payment pl verify& inform me urjently

1606. Cyberdude

| Link|September 29, 2023 2:53:11 PMReply

Larsen & Toubro Buyback 2023

My shares have not been debited from my account and I have not received any emails yet.
How can I check my request for buyback?

1606.1. KAMMA SIVA RAMA KRISHNA

| Link|September 29, 2023 6:36:11 PM

Larsen & Toubro Buyback 2023

Please check up whether you are holding any shares on the Record Date? If yes, you might have received a mail intimating therein the number of shares entitled to Buyback along with the particulars like number of shares held on the Record Date.

1606.2. Cyberdude

| Link|September 29, 2023 7:35:10 PM

Larsen & Toubro Buyback 2023

yes, I had 16 shares. but seems like while applying for buyback through Zerodha there was some issue and my order never got ahead with the Zerodha :(
They also don't have any page where we can view buyback order status so I thought it was successful, but I never got any email.

1605. jigi

| Link|September 28, 2023 5:05:20 PMReply

Larsen & Toubro Buyback 2023

Amount yet not credited to my account.
Anyone whose amount not yet credited.

1604. Dipesh zala

| Link|September 28, 2023 11:25:54 AMReply

Larsen & Toubro Buyback 2023

Larsen toubro buy back ni payment kayre bank account ma jama thase

1604.1. Manmohan Mundra

| Link|September 28, 2023 12:35:33 PM

Larsen & Toubro Buyback 2023

today

1604.2. Manmohan Mundra

| Link|September 28, 2023 4:02:03 PM

Larsen & Toubro Buyback 2023

Amt Credited -:)

1603. Sachin v

| Link|September 28, 2023 12:10:12 AMReply

Larsen & Toubro Buyback 2023

When are we expecting money to get credited

1603.1. Vimal Garodia

| Link|September 28, 2023 7:19:40 AM

Larsen & Toubro Buyback 2023

On 28th Sept 2023

1603.2. Manmohan Mundra

| Link|September 28, 2023 9:55:10 AM

Larsen & Toubro Buyback 2023

LT Retails Cal acceptance 100%...Payment Recd

1602. KAMMA SIVA RAMA KRISHNA

| Link|September 28, 2023 9:34:34 AMReply

Larsen & Toubro Buyback 2023

After a long time, 100% AR in the Retail Category. Hearty congratulations to all the investors.

1601. Puneri Don

| Link|September 28, 2023 7:45:04 AMReply

Larsen & Toubro Buyback 2023

Market price have been already reached at 2900/- before T+1, hence most of investors thought, they missed this offer. Modified price Rs.3200/- have been announced on 11th sept evening, hence new investors can't purchase shares on T+1. Rule should be implied that modified price should be announced within T+2 or T+3.

1600. ganesh jaiswal

| Link|September 28, 2023 4:32:40 AMReply

Larsen & Toubro Buyback 2023

100% Acceptance ratio.

50 shares tendered all 50 accepted by the company.

As per contract note, brokerage, STT, GST, BSE Exchange transaction charges, Stamp Duty etc Rs 474 for 1,60,000 (3200X50). Also take into account CDSL transfer charge Rs. 32 for demat share transfer. So final total charges levied Rs 506.

Effective sale price 3189.92/share

1599. Amit agarwwal

| Link|September 27, 2023 11:38:30 PMReply

Larsen & Toubro Buyback 2023

Acceptence Ratio is 100 percent for retail everyone shouting without any proof .

Tomorrow only we know as per debited shares and payment credited

1598. Pbdrajkot

| Link|September 27, 2023 11:07:29 PMReply

Larsen & Toubro Buyback 2023

Congratulations all of you for 💯 acceptance

1597. ipowale

| Link|September 27, 2023 10:44:21 PMReply

Larsen & Toubro Buyback 2023

Official Intimation:

On account of change in banking working day from September 29, 2023 to September 28, 2023,
Eligible Shareholders who participated in the Buyback are advised to please note that the
(i) settlement of bids on the Stock Exchanges,
(ii) return of unaccepted Equity Shares and
(iii) payment of consideration to Eligible Shareholders who participated in the Buyback will take place on Thursday, September 28, 2023 instead of Friday, September 29, 2023.

1596. Vimal Garodia

| Link|September 27, 2023 10:27:28 PMReply

Larsen & Toubro Buyback 2023

I think the payment is on 28th sept because 29th has been declared as holiday instead of 28th sept.

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1596.2. R.T.Aggarwal

| Link|September 27, 2023 10:42:46 PM

Larsen & Toubro Buyback 2023

Yes, payment date is revised from 29th to 28th sept.

1596.3. R.T.Aggarwal

| Link|September 27, 2023 10:43:54 PM

Larsen & Toubro Buyback 2023

Yes, payment date is revised from 29th to 28th sept.

1595. Plaza

| Link|August 29, 2023 8:37:59 PMReply

Larsen & Toubro Buyback 2023

Purchased in 5 accounts 70 each@2710.
What will be expected ratio and is it right to deal in buyback of lt.

Mr kamma pl explain.
Txs in advance

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1595.1. Boring Investor

| Link|August 31, 2023 2:41:34 PM

Larsen & Toubro Buyback 2023

Since u bought in 5 accounts, u must not have taken hedging

No point of participating without hedging.
By considering very low ER & AR, i think ur net position will be in negative after buyback completion

1595.2. PLAZA

| Link|August 31, 2023 3:10:42 PM

Larsen & Toubro Buyback 2023

I have purchased 5 lot more Now suggest what and how to do by hedging

Txs in afdvance

1595.3. Sheky

| Link|September 1, 2023 3:45:14 AM

Larsen & Toubro Buyback 2023

70*10 = 700 shares, assuming a 25% acceptance ratio, hence = 700*.75 = 525 shares remain left with you. You have two options for hedging:
1. Sell two lots of future (600 shares) for October month. Hence, you will get only 100 shares buyback benefit = Rs. 30,000 (Sure shot)
2. Buy two put options with a strike price of Rs.2700 @68 hence you get minimum profit = 175 * 300 (buyback benefit) - 65*600 (protective put) = Rs. 13,500 (Sure shot). But here you will get more benefits if the price is anything above 2700 in multiples of 525 and if below 2700 in multiples of 600 in unlimited form. (I am hoping a minimum of 100 Rs. difference on either side will give an additional profit of +Rs.60,000 if 2600 closing and +Rs.52,500 if the closing is around 2800).

1595.4. aandy

| Link|September 6, 2023 11:10:14 AM

Larsen & Toubro Buyback 2023

@Sheky
I still feel that all this hedging is unnecessary if ur AR is low....
Assuming AR is 20% , so on 700 shares, 140 will ve accepted...so profit generated is 140*300....42000
but amt invested is approx 19.lacs.
Assuming rates remain approx 2700 after buyback is over, then u only get 42k/19lac..2.2% roi...for approx 15/20 days of blockage (still brokerage not incl)..and considering 4% sb acc int rate, we lose 0.2% for 20 days.
So ultimately u get hardly 2% or less

This is all assuming that rate remains approx 2700...

buyback is only profitable if AR is high and that looks tough

Correct me if i am wrong

1595.5. Ansh

| Link|September 6, 2023 3:04:05 PM

Larsen & Toubro Buyback 2023

@Sheky.. you said that additional profit of Rs. 60000 and 52500 in case of share price would be 2600 and 2800 respectively. Therefore, if share price after buyback would be 2600 then total profit would be 73500 (13500+60000) and if price would be 2800 then total profit would be 66000 (13500+52500).
But in my opinion your calculation is incorrect, total profit would be as below

share price 2600 :- 13k around
share price 2700 :- 6k around only
share price 2800 :- 59k around

so there is no benefit of hedging with put option in case share price will fall further that too with a capital of Rs. 19 lakh.

1595.6. Plaza

| Link|September 6, 2023 9:09:43 PM

Larsen & Toubro Buyback 2023

Thanks dear . I hv kept open all application with a view that a reasonable profit will definitely awarded .

1595.7. PLAZA

| Link|September 7, 2023 11:10:59 AM

Larsen & Toubro Buyback 2023

@aandy Now will sell entire if it crosses 2860. pl endorse the decision.
Thanks in advance

1595.8. aandy

| Link|September 7, 2023 11:57:12 AM

Larsen & Toubro Buyback 2023

@PLAZA
hahah now is the tricky situation.
Currently u r on approx 6000/acc profit so total 30k profit .....so u r right tht if it touches 2850, u can sell entire lot.
Plus der r Aramco news....so if in case it crosses 2900, retail investors may not apply for buyback.

but looking at buyback history of many shares....it may dip by 1/2% on ex buyback date.

So let me tell you what i would do.
as ur cp is approx 2700.....i wld sell entire lot 1 day after ex buyback date, if its anything above 2700....this way u will be eligible for entire lot.
Later on considering on v v difficult side AR to be 20/30% , buy only 30% of shares after buyback date and tender all....i hope u got my point

1595.9. Plaza

| Link|September 7, 2023 1:53:07 PM

Larsen & Toubro Buyback 2023

Txs for reply .
Your point is that once the eligibility shares finalized then if one participated for respective eligible shares then his full shares will be accepted or % of that tendered shares ...
Pl clear the position

1595.10. aandy

| Link|September 7, 2023 2:52:30 PM

Larsen & Toubro Buyback 2023

@Plaza

forget everything, ur tgt almost rchd

1595.11. Ou Ai

| Link|September 7, 2023 4:05:28 PM

Larsen & Toubro Buyback 2023

Hedging strategy proposed succeeds only if share prices fall on ex-date as with many other shares. What happens if this share moves to 3000 or more? Premium bought on puts become worthless. One can straight book profit on purchased shares without submitting for buy back escaping AR cuts.

1595.12. Plaza

| Link|September 7, 2023 5:07:41 PM

Larsen & Toubro Buyback 2023

@aandy just want to know the mechanism of buyback for future . If u hv some input pl shate

1595.13. Plaza

| Link|September 8, 2023 8:37:50 PM

Larsen & Toubro Buyback 2023

Hv sold today 4 shares in each account

1595.14. Plaza

| Link|September 27, 2023 5:11:35 PM

Larsen & Toubro Buyback 2023

Maximum return of all buyback so far in the history if acceptance 100% . As I keep open all . No heding