Welspun India buyback is Open from 16 June 2021 to 18 June 2021. Welspun India buyback 2021 announced on 14 May 2021. The Company will do Buyback with equity of 1,66,66,666 Equity Shares of Face Value Rs. 1/ Each Fully paid off at a Price Of Rs. 120/- Per Equity. The size of this Buyback is about 200 crores. And this will be done through a Buyback Tender Offer.
Let us know that 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 our 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 Type||Tender Offer|
|Buyback Record Date||26 May 2021|
|Buyback Offer Amount||200 Cr|
|Date of Board Meeting approving the proposal||14 May 2021|
|Date of Public Announcement||14 May 2021|
|Buyback Offer Size||6.36%|
|Buyback Number of Shares||1,66,66,666|
|Price Type||Tender Offer|
|Face Value||Rs. 1/-|
|Buyback Price||120/- Rs.|
Welspun India Buyback 2021 Important Dates
We have covered all important dates related to “Welspun India Buyback 2021” Buyback Activity Dates are updated as they are announced.
|Board Meeting for Buyback proposal||14 May 2021|
|Buyback Approval date||14 May 2021|
|Public Announcement Date||14 May 2021|
|Buyback Record Date||26 May 2021|
|Buyback Opening Date||22 June 2021|
|Buyback Closing Date||5 July 2021|
|Last date for settlement||14 July 2021|
|Last Date for Extinguishment of Shares||21 July 2021|
Details Of The Buyback Offer and Offer Price :
The Board of Directors of Welspun India Limited at its meeting held on May 14, 2021 (“Board Meeting”) approved the proposal for the buyback of 1,66,66,666 Equity Shares (One Crore Sixty-Six Lakh Sixty-Six Thousand Six Hundred
Sixty Six Equity Shares only) at a price of Rs. 120/- (Rupees One Hundred and Twenty Only) per Equity Share
payable in cash (“Buyback Price”) for a maximum aggregate amount up to Rs. 200.00 Crore (Rupees Two
Hundred Crore only) (“Buyback Size”) (being less than 10% of the aggregate paid-up Equity Share capital
and free reserves (including securities premium account) of the Company as per the latest audited standalone
and consolidated financial statements as of March 31, 2021), from the equity shareholders of the Company as
on May 26, 2021 Record Date.
The Buyback Size is Rs. 200.00 Crore (Rupees Two Hundred Crore only) representing 6.36% and 6.04% of
the aggregate paid-up equity share capital and free reserves (including securities premium account), as per
the standalone and consolidated audited financial statements of the Company for the financial year ended
March 31, 2021, respectively. The funds for the implementation of the proposed Buyback will be sourced out
of the free reserves of the Company (retained earnings) and/or such other source as may be permitted under
the Buyback Regulations or the Act.
The funds borrowed, if any, from banks and financial institutions will not be used for the Buyback. The Company shall transfer from its free reserves, a sum equal to the nominal value of the Equity Shares so bought back to the Capital Redemption Reserve Account and details of such transfer shall be disclosed in its subsequent audited financial statements.
The Buyback Price has been arrived at after considering various factors including, but not limited to the trends in
the market prices of the Equity Shares on the Stock Exchanges, impact on other financial parameters and the
the possible impact of Buyback on the earnings per Equity Share. The Buyback Price of Rs. 120/- per Equity Share
represents a premium of 28.34% and 28.27% over the closing price of the Equity Shares on the BSE and on
the NSE respectively, as on Friday, May 7, 2021, being the one day preceding the date on which the Company
intimated the Stock Exchanges of the date of the meeting of the Board wherein proposal of the Buyback was
to be considered.
The Buyback Price represents a premium of 56.47% and 56.43% over the average closing market price of the Equity Shares on BSE and on NSE, respectively, during the three months preceding May 8, 2021, being the date on which the Company intimated the Stock Exchanges of the date of the meeting of the Board of Directors, wherein the proposal of the Buyback was to be considered.
Buyback Public Announcement Link :
Registrar of The Buyback :
Link Intime India Private Limited
Address: C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083, Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Manager of The Buyback :
DAM Capital Advisors Limited
(formerly IDFC Securities Limited)
One BKC, Tower C, 15th Floor, Unit No. 1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Fax: +91 22 4202 2504 , Tel: +91 22 4202 2500
E-mail: [email protected]
Company Address :
Welspun India Ltd
Welspun House 6th Floor, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013 India,
Tel : +91 22 6613 6000
Fax : +91 22 2490 8020
; E-mail: [email protected]
How to Participate in Welspun India Ltd buyback?
The Investors are eligible for the buyback scheme who have Welspun India shares in their Demat account as Record date 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.
Welspun India Buyback 2021 FAQs:
When is Welspun India Buyback Announcement Date?
Welspun India buyback 2021 announcement date is 14 May 2021.
When is Welspun India Buyback Open Date?
Welspun India buyback Open date is 22 July 2021.
When is Welspun India Buyback Close Date?
Welspun India buyback Close date is 5 July 2021.
When is Welspun India Buyback Record Date?
Welspun India buyback 2021 Record date is 26 May 2021.
What is Welspun India Buyback Price?
Welspun India company has fixed the price at ₹120 per share.
What is Welspun India Buyback Offer Size?
Welspun India company Buyback Offer Size is ₹200 Cr.
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.
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