Welspun Living Buyback Record Date is 5 August 2024.Â
Welspun Living, formerly known as Welspun India, is a leading textile manufacturing company in India, headquartered in Mumbai. Founded in 1985 by Balkrishan Goenka, the company began as Welspun Winilon Silk Mills in Palghar, Maharashtra, focusing on polyester texturizing. Over the years, it has grown into one of the largest home textile manufacturers in the world, specializing in bed linens, terry towels, rugs, and yarn.
Welspun Living operates with a robust global presence, exporting home textile products to over 50 countries, including major markets in the USA, Canada, the UK, and Australia. The company is a key supplier to 17 of the top 30 global retailers, underscoring its dominant position in the industry. Its manufacturing facilities in Anjar and Vapi, Gujarat, are equipped with state-of-the-art technology, boasting a combined capacity to produce millions of meters of textiles annually.
Welspun Living Buyback Record Date, Other Details
| Welspun Living Buyback Dates | 9 – 16 August 2024 |
| Welspun Living Buyback Price | INR 220 per share |
| Market Price on Buyback Approval | INR 177 per share |
| Buyback Premium on Market Price | 24.29% |
| Buyback Offer Size (Shares) | 1,26,55,970 shares |
| Buyback Offer Size (Amount) | INR 278.44 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Welspun Living Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 19 July 2024 |
| Buyback Approval Date | 24 July 2024 |
| Public Announcement of Buyback | 26 July 2024 |
| Welspun Living Buyback Record Date | 5 August 2024 |
| Buyback Opening Date | 9 August 2024 |
| Buyback Closing Date | 16 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 16 August 2024 |
| Verification Date by the Registrar | 20 August 2024 |
| Return of unaccepted shares by Registrar | 23 August 2024 |
| Extinguishment of accepted shares | 3 September 2024 |
Welspun Living Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Welspun Living Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 3/44 | 6.82 |
| General category (for all other Eligible Shareholders) | 1/88 | 1.14 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Welspun Living Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 9,311 | 8,094 | 9,679 |
| Total Expenses | 7,950 | 7,341 | 8,310 |
| Net Income | 607 | 203 | 673 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 220 |
| Maximum shares for small shareholders (2,00,000/220) | 910 shares * |
| The closing price of the stock as of 24 July 2024 | INR 177** |
| Maximum amount invested in buyback (INR 177 x 910 shares) | INR 1,61,070 |
**Â For simplicity, we have considered the price on the buyback approval date
Welspun Living Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 910 | 63 | 63 (100%) | 2,709 | 1.68 |
| 910 | 63 | 126 (200%) | 5,418 | 3.36 |
| 910 | 63 | 189 (300%) | 8,127 | 5.05 |
Registrar of Welspun Living Buyback 2024
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 911 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Welspun Living Buyback 2024
DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C, 15th Floor, Unit No.1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone:Â +912242022500
Email:Â [email protected]
Website:Â www.damcapital.in
The Process to Participate in Welspun Living Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Welspun Living buyback dates?
Welspun Living share buyback opens on 9 August 2024 and closes on 16 August 2024.
Which type of buyback is Welspun Living buyback offer?
Welspun Living’s buyback is a tender offer.
What is Welspun Living buyback price?
Welspun Living buyback price is INR 220 per share.
What is the Welspun Living buyback record date?
Welspun Living buyback record date is 5 August 2024.
How to participate in Welspun Living share buyback?
Welspun Living share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
