Welspun Living of ₹278.43 crores approved by the board of directors at the meeting was held on July 24, 2024. Welspun Living 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 ₹220 per Equity Share and for an aggregate amount not exceeding ₹278.43 crores from the shareholders. Check out Welspun Living Buyback 2024 details below:
Welspun Living Ltd (WLL), a part of the $3.6 billion Welspun Group, is a global leader in home textiles, with operations in over 50 countries and world-class manufacturing facilities in India. WLL collaborates with leading international retailers based on branding, innovation, and sustainability goals. The Welspun Group, based in Mumbai, is a rapidly expanding conglomerate with interests in line pipes, home textiles, infrastructure, warehousing, oil and gas, advanced textiles, and flooring. Welspun serves numerous Fortune 100 companies and maintains strategic manufacturing locations in India, the United States, and Saudi Arabia. It has 30,000 employees and over 100,000 shareholders.
Welspun Living History
Welspun Living Buyback 2024 Dates
| Buyback Meeting Date: | July 24, 2024 |
| Buyback Announcement Date: | July 24, 2024 |
| Buyback Record Date: | August 5, 2024 |
| Last Date to Buy Shares: | August 2, 2024 |
| Buyback Open Date: | August 9, 2024 |
| Buyback Close Date: | August 16, 2024 |
| Finalization of Buyback Acceptance: | August 22, 2024 |
Welspun Living Buyback 2024 Offer Details
Welspun Living of 12,655,970 equity shares at a price of ₹220 per equity share. The buyback offers not to exceed ₹278.43 crores of the total buyback offer size.
| Offer Amount: | ₹278.43 Crores |
| Number of Shares: | 12,655,970 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹220 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Welspun Living Buyback 2024 Acceptance Ratio
The investor should buy around 909 shares at a current market price of ₹179 (as of date). The calculation will be ₹2,00,000 / ₹220 buyback price = 909 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹161802 | 300 | ₹12600 |
| 50% | ₹161802 | 454 | ₹19068 |
| 75% | ₹161802 | 682 | ₹28644 |
| 100% | ₹161802 | 909 | ₹38178 |
Welspun Living Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹6789.53 | ₹6170.16 | ₹392.13 |
| 2023 | ₹5795.52 | ₹5569.09 | ₹151.68 |
| 2024 | ₹8236.72 | ₹7457.25 | ₹595.94 |
How to Participate in Welspun Living Buyback 2024
The investors are eligible for the buyback scheme who have Welspun Living shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Welspun Living Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Welspun Livingepted shares by the company under the Welspun Living scheme.
Welspun Living Buyback 2024 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 Living Buyback 2024 Lead Managers
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Welspun Living Company Address
Welspun Living Limited
Welspun City, Village Virsamedi,
Taluka Anjar,
District Kutch – 370110
Phone: +91 28 3666 1111
Email: [email protected]
Website: https://www.welspunliving.com/
How to Apply the Welspun Living 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 Living”. Click on Place Order. Enter your Quantity and submit Welspun Living Application Form.
How to Apply the Welspun Living through Upstox?
Log in to Upstox Application with your credentials. Select the Welspun Living. You will see the Company Name “Welspun Living”. Click on Welspun Living Stock for Buyback. Enter your Quantity and submit Welspun Living Application Form.
How to Apply the Welspun Living through Welspun Living Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Welspun Living. Enter your Quantity and submit Welspun Living Application Form.
One Response
If I have 600.shares. Can I participate. Or have to buy more to be eligible
Is it on lottery basis. Or proportion basis.