Welspun Living Limited has announced a buyback of up to 1.44 crore fully paid-up equity shares. The buyback will be conducted at a price of ₹175 per share, representing a total outlay of ₹252 crore. This initiative will be executed through the tender offer route, with Friday, May 22, 2026, set as the record date to determine shareholder eligibility for the program.
Buyback Details and Pricing
The Board of Directors of Welspun Living Limited has formally approved the buyback of up to 1,44,00,000 equity shares of the company. These shares, with a face value of Re. 1 each, will be acquired at a price of ₹175 per share. The total maximum expenditure for this buyback program is capped at ₹252 crore, which represents 6.52% and 5.65% of the company’s paid-up equity capital and free reserves as of March 31, 2026.
Process and Eligibility
The buyback will be carried out on a proportionate basis through the tender offer mechanism. The company has designated Friday, May 22, 2026, as the record date for identifying eligible shareholders who wish to participate in the offering. The board has also confirmed that the buyback will be funded entirely through the company’s existing internal resources, including free reserves and the securities premium account.
Strategic Management of the Buyback
To ensure efficient execution, the company has appointed DAM Capital Advisors Limited as the manager and company broker for the transaction, while Link Intime India Private Limited will serve as the registrar. A dedicated Buyback Committee has been constituted to oversee all operational aspects, including finalization of timelines, filing of necessary documentation, and regulatory compliance throughout the process.
Commitment to Shareholders
The company maintains a strong capital position, confirming that there are no defaults in the repayment of deposits, debentures, or interest payments. Through this buyback, Welspun Living Limited underscores its commitment to delivering value to its shareholders. Post-buyback, the equity shares acquired will be extinguished and physically destroyed in accordance with legal requirements, leading to a reduction in the company’s overall share capital.
Source: BSE
