Welspun India Limited (NSE: WELSPUNIND, BSE: 514162) buyback 2021 announced on 14 May 2021. The buyback record date is 26 May 2021.
CASH OFFER TO BUYBACK UP TO 1,66,66,666 FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF RE. 1/-EACH, REPRESENTING APPROXIMATELY 1.66% OF THE TOTAL NUMBER OF EQUITY SHARES IN THE ISSUED, SUBSCRIBED AND PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY, FROM THE EXISTING SHAREHOLDERS / BENEFICIAL OWNERS OF EQUITY SHARES OF THE COMPANY AS ON THE RECORD DATE I.E. MAY 26, 2021, ON A PROPORTIONATE BASIS, THROUGH THE “TENDER OFFER” ROUTE AT A PRICE OF RS. 120/- (RUPEES ONE HUNDRED AND TEWENTY ONLY) PER EQUITY SHARE FOR AN AGGREGATE AMOUNT NOT EXCEEDING RS. 200 CRORES (RUPEES TWO HUNDRED CRORES ONLY) EXCLUDING TRANSATION COST.
Welspun Group is one of India’s fastest-growing global conglomerates with businesses in Line Pipes, Home Textile Products, Infrastructure, Warehousing, Steel, Oil & Gas, Advanced textiles and Flooring solutions.
With their immense global presence in over 50 countries and a strong team of over 26,000 home textile manufacturers in India spanning varied ethnicities, cultures, and geographies, we have acquired global leadership in home textile and line pipe. In order to stay prominent across all our businesses, we constantly strive to provide our customers with a delightful experience through innovation and technology. From homes to highways, from hi-tech to heavy metals, we wish to create a smarter, sustainable world and lead by example!
Welspun India Buyback 2021 Offer Details:
| Buyback Record Date:|
26 May 2021
| Board Meeting Approval:|| 14 May 2021|
| Public Announcement:|| 14 May 2021|
| Buyback Open Date:|| 22 June 2021|
| Buyback Close Date:|| 05 July 2021|
| Buyback Offer:|| ₹200 Crores|
| Buyback Offer Size:|| 6.36%|
| Number of Shares:|
| Share Face Value:|
₹1 per share
| Buyback Price:|| ₹120 per Share|
| Buyback Type:|| Tender Offer|
Welspun India buyback of 1,66,66,667 equity shares which is around 6.36% of all the existing number of equity shares at a price of ₹120 per equity share. The buyback offer not exceeding of ₹200 crore of total buyback offer size.
Welspun India Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Welspun India shares in their Demat account as record date is 26 May 2021. Investors can participate in the Welspun India Buyback 2021 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the Welspun India buyback scheme.
Checkout Current Welspun India Shares market price on NSE and BSE: Welspun India Live Quote
Buyback Lead Manager:
- DAM Capital Advisors Limited
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, L. B. S. Marg,
Vikhroli (West), Mumbai -400 083,
Tel: +91 22 4918 6200;
Fax: +91 22 4918 6195
Email: [email protected]
Contact Person: Mr. Sumeet Deshpande
SEBI Registration: INR000004058
Validity Period: Permanent
Welspun India Limited
Welspun City, Village Versamedi, Taluka Anjar, District Kutch, Gujarat 370 110, India.
Tel.:+91 22 6613 6000;
Fax:+91 22 2490 8020
E-mail: [email protected]
Contact Person: Mr.Shashikant Thorat
Welspun India Buyback 2021 FAQs:
When is Welspun India Buyback Record Date?
Welspun India buyback 2021 record date is 26 May 2021.
When is Welspun India Buyback announcement Date?
NTPC buyback 2021 announcement date is 14 May 2021
What is Welspun India Buyback Price?
The company has fixed the price at ₹120 per share.
How to apply for Welspun India Buyback 2021?
As per the record date you need to have Welspun India shares in your demat account. You can participate in buyback after having the stock in your account.
Note: If anything you want to know about the buyback offer you can refer the Welspun India buyback offer documents.