Welspun Living Limited has announced a share buy-back program for up to 1.44 crore equity shares, representing 1.50% of its total paid-up share capital. The buy-back is priced at ₹175 per share, with a maximum aggregate outlay of ₹252 crore. The buy-back is scheduled to open on May 29, 2026, and conclude on June 4, 2026, reflecting the company’s commitment to enhancing shareholder value.
Buy-back Details and Pricing
Welspun Living Limited has formally announced a tender-offer buy-back of up to 1,44,00,000 fully paid-up equity shares, having a face value of ₹1 each. The shares will be repurchased at a price of ₹175 per share. The total cost for the buy-back, excluding transaction expenses, is capped at ₹252 crore. This buy-back represents 6.52% and 5.65% of the company’s standalone and consolidated paid-up equity share capital and free reserves, respectively, as of the financial year ended March 31, 2026.
Strategic Rationale
The company is initiating this buy-back to return surplus cash to its members, thereby improving the overall return on equity and leading to a long-term increase in shareholder value. The company confirms that it has earmarked sufficient internal financial resources, ensuring that the move does not impair its ability to pursue growth opportunities or meet its operational cash requirements. The buy-back process is designed to be on a proportionate basis, ensuring fair participation.
Key Schedule and Procedures
The buy-back is set to open on Friday, May 29, 2026, and will close on Thursday, June 4, 2026. Shareholders must note the record date for eligibility was May 22, 2026. Participation in the buy-back is voluntary. Eligible shareholders holding shares in dematerialized or physical form may tender their shares through their respective brokers during the specified period. The company will utilize the established stock exchange acquisition window for the settlement of these shares.
Shareholding Post Buy-back
Upon the successful completion of the buy-back, the aggregate shareholding of the promoters and members of the promoter group is expected to shift from the current 66.24% to approximately 66.36% of the post-buy-back equity share capital. The company has reaffirmed that public shareholding will remain above the minimum required levels, complying with all necessary regulatory standards.
Source: BSE
