L&T could consider share buyback once in a few years: R Shankar Raman, CFO, L&T
Indian engineering company Larsen & Toubro's shares hit an all-time high after the firm announced its first-ever buyback proposal worth $1.33bn. CFO R Shankar Raman said the company had surpluses beyond requirements, adding that creating value to shareholders through dividends was one option, but the company opted for a buyback to return accretive.