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Welspun India Ltd is coming up with a buyback of shares worth Rs 200 Cr by re-purchasing 1.66 cr fully paid-up shares which represent 9.85% of total capital. Welspun India Ltd buyback price is Rs 120 which is 19% higher than the closing share price of the date of announcement of the buyback.
Incorporated in 1985, Welspun India Ltd (Formerly Known as Welspun Polyester India Limited) is one of the fastest-growing global conglomerates with businesses in Line Pipes, Home Textile Products, Infrastructure, Warehousing, Steel, Oil & Gas, Advanced textiles and Flooring solutions. The company has global presence in over 50 countries acquired leadership in home textile and line pipe business.
Below is the complete details about Welspun India Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 200 Cr |
| Buyback Number of Shares: | 1.66 Cr |
| Buyback Price: | Rs 120 |
| Buyback Offer Size (In %): | 9.85% |
| Total Share Capital: | Rs 9,720 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Welspun India Ltd buyback offer? No
In this section we have covered all important dates related to Welspun India Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 14th May 2021 |
| Buyback Approval date | 14th May 2021 |
| Public Announcement of Buyback | 14th May 2021 |
| Record Date | 26th May 2021 |
| Buyback opens on/Buyback Opening Date | 22nd Jun 2021 |
| Buyback closes on/Buyback Closing Date | 5th Jul 2021 |
| Cut-off date to receive completed tender forms by Registrar | 7th Jul 2021 |
| Cut-off date for verification by the Registrar | 9th Jul 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
13th Jul 2021 |
| Last date of settlement of bids on the stock exchange | 14th Jul 2021 |
| Last date to return unaccepted shares by Registrar | 14th Jul 2021 |
| Last date of extinguishment of Equity Shares | 21st Jul 2021 |
Stock Holding table gives a clear picture on retail investor holdings of Welspun India Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 70% |
| Non-Promoter-Institutions | 13.15% |
| Non-Promoter-Non-Institutions | 16.85% |
Welspun India Ltd Public Announcement >>Document
Welspun India Ltd Draft Letter of Offer >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 43 Equity Shares out of every 469 fully paid-up Equity Shares held on the Record Date | 0.91% |
| General Category | 1 Equity Shares out of every 69 fully paid-up Equity Shares held on the Record Date | 0.14% |
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 935.70 (-3.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Welspun India Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Welspun India Ltd? How can I apply in Welspun India Ltd Buyback offer?Last Updated on 2021-10-22T22:33:23+00:00
