Welspun Living Limited has initiated a buyback of up to 1,44,00,000 equity shares at Rs 175 per share. The buyback represents 1.50% of the company’s total equity shares and is within statutory limits of 10% of fully paid-up capital and free reserves. The offer price of Rs 175 per share is set based on the company’s financial position as of March 31, 2026.
The buyback will open on Friday, May 29, 2026, and close on Thursday, June 4, 2026. Eligible shareholders will receive the letter of offer by May 26, 2026, following the record date of May 22, 2026. Shares must be tendered via a dedicated portal and settled by June 11, 2026, with extinguishment by June 22, 2026. The board approved the proposal during a meeting on May 15, 2026.
The buyback size of 1,44,00,000 shares corresponds to Rs 2520 crore, calculated at Rs 175 per share. This amount is sourced from the company’s free reserves. The process adheres to SEBI’s Buy-back Regulations, 2018, and includes procedures for tendering, verification, and settlement. Reserved category shareholders receive 43 shares for every 676 held, while general shareholders get 13 shares for every 979 held. Exact entitlements will be communicated electronically via the registrar’s portal.
Shareholders holding equity shares as of the record date are eligible to participate. The company’s capital structure and shareholding pattern remain unaffected. Further details on the buyback mechanism are available on the company’s website and SEBI’s portal. The buyback aims to return value to shareholders while maintaining financial discipline. The process includes detailed procedures for acceptance, verification, and settlement as outlined in the attached letter of offer.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.