Larsen and Toubro Tender Buyback Approved

Buyback Price : Rs.3,000
Last Closing Price : Rs.2,638.40

Buyback Size : Rs.10,000 Crore
Buyback Size in Shares : 3,33,33,333 Shares

Retail Quota : 50,00,000 Shares
Record Date for Buyback : 12th September

Buy 70 shares delivery in 7 accounts each @ 2675, Total 490 shares

If you are Risk Averse, Buy in 6 accounts and sell 1 future

Sell 1 Lot Oct Fut @ 2720, Total 300 shares

Expecting 35 to 40% shares to go in Buyback, i.e. 190 shares @ Rs. 3000

Record Date: 12-Sep-2023

Expected Pay-out Date: Max by 30-Sep-2023 to 05-Oct-2023

Expecting ROI of almost 4% to 5%