Larsen & Toubro board approves buyback of equity shares upto Rs. 10,000 crore

The Board of Directors (Board) of Larsen & Toubro has approved the buyback of 3,33,33,333 of its fully paid-up equity shares of face value of Rs. 2/- each, from the members of the company at a Maximum price of up to Rs. 3,000 per Equity Share (Buyback Offer Price), subject to any increase to the Buyback Offer Price as may be approved by the Board or the Committee thereof, payable in cash for an aggregate consideration of up to Rs. 10,000 crore through the tender offer route through stock exchange mechanism. The specific price at which the Buyback will be made may be determined by the Board/Committee, at an appropriate time.

Sealmatic India wins order from Kirloskar Brothers

Sealmatic India Limited has bagged an order for the high precision and extremely critical 'Fully Split Seals' for Metal Volute Pumps for a Lift Irrigation project in Telangana through a leading pump OEM (Kirloskar Brothers Limited) in India. The seal size is 480 mm, which is probably the largest size of split seal ever made in India.