India's biggest engineering company, Larsen & Toubro (L&T), plans to give back extra money to its shareholders by repurchasing up to Rs 10,000 crore worth of shares through a buyback. The engineering conglomerate’s board has approved the proposal to buy back 3.33 crore shares, representing 2.4 percent of the total paid-up equity share capital, at a tentative price of Rs 3,000 per share, which is the maximum being considered by L&T at the moment. The offer represents an over-17 percent premium to the July 25 closing price of Rs 2,561.95.