Larsen & Toubro Ltd [L&T] Buyback

General
1

I have pledge my L&T shears in order to get some margin benefit. Do I need to Unpledged it before I can tender my shares for buyback ? or I can tender it directly from the consol ?

2

Yes, You need to Unpledge the shares before tendering them. For more click here

3

Thanks for the info

4

From when can we start offer our shares for buyback?

5

18 to 25 September 2023…that is 5 working days as per sebi rule.

6

Should I unpledge it before placing the bid or before 25th September?

7

Before placing the bid, otherwise bid is not accepted by Zerodha.

1 Like
8

You need to Unpledge before placing the bid.

1 Like
9

When will we get the money and remaning shares credited?

10

They gets credited generally within 5 to 7 working days after the buyback closing date.

11

Settlement date for payment of accepted shares and credit of unaccepted shares to the demat account is 29th September. You can check it here: Current Buybacks - September 2023