L&T sets record date for its Rs 10,000 crore-buyback. Check details
Under the proposed buyback of shares, L&T will take back 3.3 crore shares from shareholders at a maximum price of up to Rs 3,000 apiece, a 17% premium from the market price from the date of announcement.
L&T to invest Rs 506 crore in energy arm, acquire Sapura Nautical's entire 40% stake in LTSOPL
The Rs 506-crore investment in LTEGL will be made "either by subscribing to equity or preference shares" or by way of "inter corporate deposits or company guaranteed debt or a combination of these", L&T said
Sandeep Navlakhe resigns as Tata Projects executive vice president
Tata Projects Executive Vice President Sandeep Navlakhe, who played a crucial role in construction of the new Parliament, has resigned from the key post in the company. He has been responsible for buildings, factories and airports business unit at the company.
BJP, Opposition claim credit in Rajya Sabha for success of Chandrayaan-3, space missions
The BJP credited the Modi government, while the Congress insisted that these achievements were due to the initiatives taken by India's first prime minister, Jawaharlal Nehru, and successive Congress regimes. The discussion highlighted the successful launch of Chandrayaan-3 and emphasized the importance of continuity in governance and the contributions of both public and private sectors to the space program's success.
Larsen and Toubro's Kattupalli Shipyard near Chennai has qualified for the Master Shipyard Repair Agreement (MSRA) and the Indian conglomerate has signed an agreement with US Navy for repairing of vessels
L&T to consider share buyback, special dividend next week
Larsen and Toubro (L&T) will consider a share buyback at its board meeting on 25 July. L&T board is also meeting that day to approve the results for the June quarter. In the meantime, the company also announced that its board has approved the merger of two of its wholly-owned subsidiaries - L&T Innovation Campus (Chennai) Limited with L&T Seawoods Limited.