L&T shares surge 2% to an all-time high as they gear up for a significant buyback settlement
Settlement, return of unaccepted shares, and payout to eligible shareholders to happen on September 28
Retail investors show a 100% acceptance ratio (AR) in the buyback, according to X (formerly Twitter) consensus
L&T's Rs 10,000-crore buyback sees strong demand, oversubscribed 7.2 times, led by QIBs
Offers for 22.5 crore shares received against 3.13 crore on offer, totalling Rs 72,160 crore
L&T stock climbs 12% in one month, outperforming the Sensex by 10%, reflecting investor confidence
L&T's buyback aims to boost return on equity for shareholders, maximizing overall shareholder value