Welspun India Buyback of ₹195 crores approved by the board of directors at the meeting was held on April 27, 2023. Welspun India Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹1 each equity share at a price of ₹120 per Equity Share and for an aggregate amount not exceeding ₹195 crores from the shareholders. Check out Welspun India Buyback 2023 details below:
Welspun India Limited is a textile company based in Mumbai, flagship company of Welspun Group. The company has global presence in over 50 countries and a team of 26,000+ home textile manufacturers in India. The product range includes bedding, bed sheets, and fashion bedding products with flooring solutions as well. Over 35 years experience, they are one of the global leader in home textiles. They are Asia’s 2nd largetst terry towel producer in the world. 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.
Welspun India Buyback History
Welspun India Buyback 2023 Dates
| Buyback Meeting Date: | April 27, 2023 |
| Buyback Announcement Date: | April 27, 2023 |
| Buyback Record Date: | May 10, 2023 |
| Last Date to Buy Shares: | May 8, 2023 |
| Buyback Open Date: | May 16, 2023 |
| Buyback Close Date: | May 22, 2023 |
| Finalization of Buyback Acceptance: | May 26, 2023 |
Welspun India Buyback 2023 Offer Details
Welspun India buyback of 16,250,000 equity shares at a price of ₹120 per equity share. The buyback offers not to exceed ₹195 crores of the total buyback offer size.
| Offer Amount: | ₹195 Crores |
| Number of Shares: | 16,250,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹120 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Welspun India Buyback 2023 Acceptance Ratio
The investor should buy around 1667 shares at a current market price of ₹88 (as of date). The calculation will be ₹2,00,000 / ₹120 buyback price = 1667 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹1,46,696 | 550 | ₹17,600 |
| 50% | ₹1,46,696 | 834 | ₹26,688 |
| 75% | ₹1,46,696 | 1250 | ₹40,000 |
| 100% | ₹1,46,696 | 1667 | ₹53,344 |
Welspun India Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹6741 | ₹5526 | ₹524 |
| 2021 | ₹7340 | ₹5988 | ₹521 |
| 2023 | ₹9311 | ₹7950 | ₹607 |
How to Participate in Welspun India Buyback 2023
The investors are eligible for the buyback scheme who have Welspun India shares in their Demat Account as on May 10, 2023. Eligible Share Holders can participate in the Welspun India Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Welspun Indiaepted shares by the company under the Welspun India buyback scheme.
Welspun India Buyback 2023 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Welspun India Buyback 2023 Lead Managers
- Dam Capital Advisors Ltd
Welspun India Company Address
Welspun India Limited
6th Floor, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel,
Mumbai 400 013
Phone: +91 22 6613 6000
Email: [email protected]
Website: https://www.welspunindia.com/
How to Apply the Welspun India Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Welspun India”. Click on Place Order. Enter your Quantity and submit Welspun India Buyback Application Form.
How to Apply the Welspun India Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Welspun Indiaount Section. You will see the Company Name “Welspun India”. Click on Welspun India Stock for Buyback. Enter your Quantity and submit Welspun India Buyback Application Form.
How to Apply the Welspun India Buyback through Welspun India Money?
Log in to Welspun India Money Application with your credentials. Select the Welspun India. Enter your Quantity and submit Welspun India Buyback Application Form.
