Welspun Living Limited has informed the Exchange about public Announcement - Buyback of Shares
WELSPUNLIV · price
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On the reaction day the stock moved 0.6 pts more than Nifty Smallcap 250 and 1.0 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Welspun Living Limited has announced a share buyback of up to 1.44 crore equity shares (1.0% of total paid-up capital) at ₹175 per share, totaling a maximum consideration of ₹252 crore. The record date is May 22, 2026. The buyback is being conducted via tender offer route through the stock exchange mechanism. Promoters holding 66.24% stake (including Balkrishan Gopiram Goenka as Trustee of Welspun Group Master Trust with 65.73%) have expressed intention to participate. The buyback price represents a premium of 37.26% over the 3-month volume weighted average price on NSE. The buyback size constitutes 6.52% of standalone and 5.65% of consolidated paid-up capital and free reserves, well within the statutory 10% limit.
The buyback offers shareholders a significant 37% premium over recent market prices, providing an attractive exit opportunity. Promoter participation signals confidence in company prospects, though it will increase promoter holding post-buyback. The ₹252 crore outflow reduces cash reserves but may improve per-share metrics.