Welspun India buyback 2023 was announced on April 27, 2023. The start date for the Welspun India buy back will be announced soon. The record date for the Welspun India buyback is not set as of May 10, 2023. To be eligible for the buyback, the investor must purchase Welspun India
shares prior to the record date. Welspun India Buyback of 195 crores approved by board of directors at meeting on April 27, 2023. Welspun India’s buyback will take place using the stock exchange’s Tender Offer procedure. The company’s board of directors authorised the buyback of its fully paid-up equity shares with a face value of one equity share at a price of 120 per equity share from the shareholders for an amount not exceeding 195 crores. Check out the specifics about the Welspun India Buyback 2023 below: Welspun India Limited, the flagship firm of
the Welspun Group, is a textile company situated in Mumbai. The company has a global presence in over 50 countries and an Indian team of over 26,000 home textile makers. The product line comprises bedding, bed sheets and fashion bedding, as well as flooring solutions. With over 35 years of experience, they are a global leader in home textiles. They are Asia’s second largest terry towel maker. Welspun Group is one of India’s fastest-growing worldwide corporations, operating in line pipes, home textile products, infrastructure, warehousing, steel, oil and gas, advanced textiles and flooring solutions.
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 |
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 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.
Welspun India Buyback 2023 FAQs:
Q1. When is Welspun India Buyback 2023 Record Date?
Ans. Welspun India buyback 2023 record date is May 10, 2023.
Q2. When is Welspun India Buyback 2023 Open Date?
Ans. Welspun India buyback 2023 open date is May 16, 2023.
Q3. What is Welspun India Buyback 2023 Price?
Ans. The company has fixed the price at ₹120 per share.
Q4. How to apply for Welspun India Buyback 2023?
Ans. 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.
