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Welspun Living Limited provides flooring solutions, modern textiles, e-commerce, hospitality, and wellness products.
The company's business verticals include:
Issue Period | |
Security Name | Welspun Living Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 12,655,970 |
Issue Size (Amount) | ₹278.43 Crores |
Buyback Price | ₹220 per share |
Face Value | ₹1 per share |
Listing At | BSE, NSE |
Last Date to buy shares | August 2, 2024 |
Record Date | August 5, 2024 |
Offer Opens On | |
Last Date for receipt of Tender Forms | |
Offer Closes On * | |
Finalisation of Buyback Acceptance | |
Last Date for settlment of bids | |
Last Date for Extinguishment of Shares |
Welspun Living Limited's revenue decreased by -12.39% and profit after tax (PAT) dropped by -66.62% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 31 Mar 2023 | 31 Mar 2022 |
Assets | 8,650.08 | 9,436.85 |
Revenue | 8,215.10 | 9,377.31 |
Profit After Tax | 202.51 | 606.71 |
Reserves and Surplus | 3,974.85 | 3,862.03 |
Amount in ₹ Crore |
The Buyback is being undertaken for the following reasons:
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Welspun Living Limited
Welspun City, Village Virsamedi,
Taluka Anjar,
District Kutch - 370110
Phone: +91 28 3666 1111
Email: contact@welspun.com
Website: https://www.welspunliving.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: welspunliving.buyback2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager(s)
Registered Broker
The Welspun Living Buyback 2024 open and close dates are not available as of now.
Last date to be eligible to participate in buyback is August 2, 2024.
The Welspun Living Buyback 2024 is a Tender Offer.
Sorry the Welspun Living Buyback 2024 timelines are not available at this time.
The Welspun Living Buyback 2024 is being offered at Rs ₹220 per share per equity share.
The record date for the Welspun Living Buyback 2024 is August 5, 2024.
The issue size of Welspun Living Buyback 2024 is of 12,655,970 equity shares at ₹220 per share aggregating upto ₹278.43 Crores.
The Buyback is being undertaken for the following reasons:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Welspun Living Buyback 2024 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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