Engineering and development main Larsen and Toubro (L&T) mentioned on Thursday that it’ll think about a share buyback on the board assembly scheduled for July 25. It’s going to additionally think about a particular dividend on shares for the monetary 12 months 2023-24.
August 2 is prone to be the file date for the dividend.
“Buyback of fairness shares of the Firm in accordance with the provisions of the Corporations Act, 2013 and SEBI (Buyback of Securities) Rules 2018. Particular Dividend on fairness shares for the monetary 12 months 2023-24. If authorised, the file date for the aim of figuring out the entitlement of the fairness shareholders for the mentioned dividend shall be Wednesday, August 2, 2023,” the corporate mentioned in a submitting.
Additional, the corporate mentioned its board of administrators, throughout a gathering held on July 19, authorised the merger of its subsidiaries, L&T Innovation Campus (Chennai) Restricted with L&T Seawoods Restricted.
L&T is a $23-billion firm engaged in engineering, procurement, and development (EPC) initiatives, hi-tech manufacturing and providers and operated in over 50 nations worldwide.
