L&T's Rs 10,000 crore share buyback opens today — From eligibility to acceptance, here are the details - CNBCTV18

Thank you for providing information about L&T's share buyback offer. This information is useful for shareholders considering whether or not to participate. Here are some key points to consider:

1. Eligibility: Only shareholders whose names appear in the company's register of members as of the record date, which is September 12, 2023, are eligible to participate in the buyback offer.

2. Acceptance: Shareholders can tender their shares through the tender offer route. This can be done through brokers or online through the BSE StAR platform.

3. Buyback Price: The company has increased the buyback price from Rs 3,000 per share to Rs 3,200 per share. This price is an important factor for shareholders to consider.

4. Maximum Number of Shares: The company plans to repurchase a maximum of 3.12 crore shares, representing 2.22% of the total paid-up equity shares of the company.

5. Proportional Basis Method: Shares will be repurchased from eligible shareholders in proportion to the number of shares they hold. If more shares are tendered than the company plans to repurchase, it will be done on a proportional basis.

6. Payment: The payment for the repurchased shares will be made within 15 days of the closure of the buyback offer.

7. Should You Tender Your Shares: Deciding whether to participate in the buyback offer depends on your individual investment goals and risk tolerance. If you believe in the company's long-term prospects and think it is undervalued, you may want to hold onto your shares. On the other hand, if you want to book a profit or reduce risk, tendering your shares might be a suitable option.

8. Consult with a Financial Advisor: If you are uncertain about whether to participate in the buyback offer or how it fits into your overall investment strategy, it's a good idea to consult with a financial advisor who can provide personalized guidance based on your financial situation and goals.

It's important for shareholders to carefully evaluate their options and consider their investment objectives before making a decision regarding the buyback offer. Additionally, staying informed about any developments or changes in the offer is essential throughout the process.