Key Points
Engineering and infrastructure conglomerate Larsen and Toubro (L&T) on Thursday announced that it will consider share buyback at its board meeting next week...
During the meeting, the company will also consider buyback of equity shares in accordance with the provisions of the Companies Act, 2013 and SEBI (Buyback of Securities) Regulations 2018 and special dividend on equity shares for financial year 2023-24...
"If approved, the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend shall be Wednesday, August 2, 2023," L&T said...
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...
"The Board of Directors of L&T Innovation Campus (Chennai) Limited (LTICCL) at its meeting held on July 19, 2023, has approved a Scheme of Arrangement for merger of LTICCL with L&T Seawoods Limited (LTSL)..
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