Thursday, May 27, 2021

Welspun India Buyback 2021 Record Date, Buyback Price & Details


Welspun India Limited (NSE: WELSPUNIND, BSE: 514162) buyback 2021 announced on 14 May 2021. The buyback record date is 26 May 2021.
 
CASH  OFFER TO BUYBACK  UP  TO  1,66,66,666   FULLY  PAID-UP  EQUITY  SHARES  OF  FACE  VALUE  OF  RE.  1/-EACH,  REPRESENTING APPROXIMATELY 1.66% OF THE TOTAL NUMBER OF EQUITY SHARES IN THE ISSUED, SUBSCRIBED AND PAID-UP EQUITY SHARE CAPITAL OF THE  COMPANY,  FROM  THE  EXISTING  SHAREHOLDERS  /  BENEFICIAL  OWNERS  OF  EQUITY  SHARES  OF  THE  COMPANY  AS  ON  THE  RECORD DATE I.E. MAY 26, 2021, ON A PROPORTIONATE BASIS, THROUGH THE "TENDER OFFER" ROUTE  AT  A  PRICE  OF  RS.  120/- (RUPEES  ONE HUNDRED  AND  TEWENTY  ONLY)  PER  EQUITY  SHARE  FOR  AN  AGGREGATE  AMOUNT  NOT  EXCEEDING  RS.  200  CRORES (RUPEES  TWO HUNDRED CRORES ONLY) EXCLUDING TRANSATION COST.
 
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 their 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

Welspun India Buyback 2021 Offer Details:

 Buyback Record Date:
  26 May 2021
 Board Meeting Approval:   14 May 2021
 Public Announcement:   14 May 2021
 Buyback Open Date:   -
 Buyback Close Date:   -
 Buyback Offer:   ₹200 Crores
 Buyback Offer Size:   6.36%
 Number of Shares:
  1,66,66,667 Shares
 Share Face Value:
  ₹1 per share
 Buyback Price:   ₹120 per Share
 Buyback Type:   Tender Offer
Welspun India buyback of 1,66,66,667 equity shares which is around 6.36% of all the existing number of equity shares at a price of ₹120 per equity share. The buyback offer not exceeding of ₹200 crore of total buyback offer size.



Welspun India Buyback Eligible Share Holders:


The investors are eligible of the buyback scheme who have Welspun India shares in their Demat account as record date is 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.

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

Buyback Lead Manager:

  • DAM Capital Advisors Limited 

Buyback Registrar:

Link Intime India Private Limited
C-101, 1st Floor, 247 Park, L.  B. S.  Marg,
Vikhroli (West), Mumbai -400 083,
Maharashtra, India
Tel: +91 22 4918 6200;
Fax: +91 22 4918 6195
Email: welspun.buyback2021@linkintime.co.in
Website: www.linkintime.co.in  
Contact Person: Mr. Sumeet Deshpande
SEBI Registration: INR000004058
Validity Period: Permanent
CIN: U67190MH1999PTC118368

Registered Office:

Welspun India Limited
Welspun City, Village Versamedi, Taluka Anjar, District Kutch, Gujarat 370 110, India.
Tel.:+91 22 6613 6000;
Fax:+91 22 2490 8020
E-mail: companysecretary_wil@welspun.com
Website: www.welspunindia.com
Contact Person: Mr.Shashikant Thorat
Company Secretary

Welspun India Buyback 2021 FAQs:


When is Welspun India Buyback Record Date?
Welspun India buyback 2021 record date is 26 May 2021.

When is Welspun India Buyback announcement Date?
NTPC buyback 2021 announcement date is 14 May 2021.

What is Welspun India Buyback Price?
The company has fixed the price at ₹120 per share.

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.

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