Moneycontrol Be a Pro
Get App
Last Updated : Jan 22, 2019 03:10 PM IST | Source:

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.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jan 22, 2019 03:10 pm
Follow us on
Available On
PCI DSS Compliant