StockWatch
·
Other Textile Products
Buyback19 May 2026, 05:01 pm

Welspun Living Board Approves ₹252 Cr Buyback at ₹175/Share

AI Summary

The Board of Directors of Welspun Living Ltd approved a buyback of up to 1,44,00,000 fully paid-up equity shares at a price of ₹175 per share, payable in cash. The buyback size is capped at ₹252 Crore, representing 6.52% and 5.65% of the paid-up equity share capital and free reserves, respectively, as of March 31, 2026. The buyback will be executed through a tender offer route, with a record date set for May 22, 2026. 15% of the buyback is reserved for small shareholders.

Key Highlights

  • Welspun Living approves buyback of shares up to ₹252 Crore.
  • Buyback price is set at ₹175 per equity share.
  • The buyback represents 6.52% of the paid-up equity share capital.
  • Record date for the buyback is May 22, 2026.
  • Buyback will be executed via the tender offer route.