Moneycontrol
Last Updated : Jan 22, 2019 03:10 PM IST | Source: Moneycontrol.com

3 Point Analysis | SEBI denies L&T's share buyback

Sakshi Batra does a 3-Point Analysis of what it means as L&T attempts to rectify its capital allocation.

Moneycontrol News @moneycontrolcom

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.

Watch the video for more.
First Published on Jan 22, 2019 03:10 pm
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