Sakshi Batra does a 3-Point Analysis of what it means as L&T attempts to rectify its capital allocation.
Engineering major Larsen & Toubro announced on January 19 that market regulator SEBI had denied permission for its Rs 9,000 crore share buyback offer.
SEBI cited L&T's consolidated balance sheet and high leverage as a concern and hence did not allow for the buyback.
Sakshi Batra does a 3-Point Analysis of what this means for L&T's attempt to rectify its capital allocation.
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