Tuesday, June 25, 2019

Welspun Corp Buyback 2019 Record Date, Buyback Price & Details

 Tuesday, June 25, 2019  
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Welspun Corp Limited is second largest manufacturer of large diameter pipes in the world. The company based in Mumbai, Maharashtra founded in 1995. The company offers a one stop solution in line pipes with a capacity to manufacture Longitudinal (LSAW), Spiral (HSAW) and HFERW / HFI (ERW) pipes. They additionally offers coating, bending and double jointing facilities, thereby giving a 360-degree pipe solution to its customers. The company have over 24000 employees.


Welspun Corp Buy Back 2019 Offer Details:

 Buyback Record Date:
  05-Jul-2019
 Board Meeting Approval:   15-May-19
 Public Announcement:   15-May-19
 Buyback Offer:   ₹390 Crore
 Buyback Offer Size:   10.50%
 Number of Shares:
  27,857,143
 Share Face Value:
  ₹5
 Buyback Price:   ₹140
 Buyback Type:   Tender Offer

Welspun Corp buyback of 27,857,143 equity shares which is around 10.50% of all the existing number of equity shares at a price of ₹140 per equity share. The buyback offer not exceeding of ₹390 crore of total buyback offer size.

Welspun Corp Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Welspun Corp shares in their Demat account as record date is 05-July-2019. Investors can participate in the Welspun Corp Buyback 2019 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 Corp buyback scheme.

Checkout Current Welspun Corp Shares market price on NSE and BSE: Welspun Corp Live Quote

Note: If anything you want to know about the buyback offer you can refer the Welspun Corp buyback offer documents.

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