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Welspun Living Limited is set to launch its buyback program in 2024, offering a significant opportunity for investors. This article provides a comprehensive overview of the Welspun Living Buyback 2024, including key dates, details, and how investors can participate.
Overview of Welspun Living
Welspun Living Limited, part of the Welspun Group, is a leading player in the home textiles sector. The company is recognized for its innovative products and has a strong presence in over 50 countries. Welspun specializes in various product categories, including bed, bath, and flooring solutions. Its commitment to quality and sustainability has made it a preferred choice for many consumers globally.
Welspun Living Buyback 2024 Details
The Welspun Living Buyback 2024 is structured as a tender offer, allowing shareholders to sell their shares back to the company at a predetermined price. Here are the essential details:
Key Dates
| Event | Date |
|---|---|
| Buyback Meeting Date | July 24, 2024 |
| Buyback Announcement Date | July 24, 2024 |
| Record Date | August 5, 2024 |
| Last Date to Buy Shares | August 2, 2024 |
| Buyback Opening Date | August 9, 2024 |
| Buyback Closing Date | August 16, 2024 |
| Letter of Offer: | Click Here |
Buyback Financials
| Detail | Amount |
|---|---|
| Buyback Price per Share | ₹220 |
| Total Buyback Amount | ₹278.43 Crores |
| Number of Shares to be Bought | 12,655,970 |
| Face Value of Shares | ₹1 |
The buyback price of ₹220 per share represents a premium over the recent market price, making it an attractive offer for investors.
How to Participate in the Buyback
To be eligible for the buyback, investors must hold shares of Welspun Living in their Demat account as of the record date, August 5, 2024. Here’s how to participate:
- Check Eligibility: Ensure you have shares in your Demat account by the record date.
- Tender Shares: On or after the opening date (August 9, 2024), tender your shares through the stock exchange mechanism.
- Await Confirmation: After the closing date (August 16, 2024), the company will finalize the acceptance of shares, and you will receive the buyback amount based on the number of shares accepted.
Acceptance Ratio
The acceptance ratio will depend on the number of shares tendered by investors. For example, if you hold 909 shares and the acceptance ratio is 100%, all your shares will be accepted.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
|---|---|---|---|
| 33% | ₹161,802 | 300 | ₹12,600 |
| 50% | ₹161,802 | 454 | ₹19,068 |
| 75% | ₹161,802 | 682 | ₹28,644 |
| 100% | ₹161,802 | 909 | ₹38,178 |
Financial Performance of Welspun Living
Welspun Living has shown consistent growth in its financial performance over the years. Here’s a snapshot of its financials:
| Year | Revenue (in Crores) | Expenses (in Crores) | Net Profit (in Crores) |
|---|---|---|---|
| 2022 | ₹6,789.53 | ₹6,170.16 | ₹392.13 |
| 2023 | ₹5,795.52 | ₹5,569.09 | ₹151.68 |
| 2024 | ₹8,236.72 | ₹7,457.25 | ₹595.94 |
The company’s revenue growth indicates a strong market position and effective management strategies.
Why Participate in the Buyback?
Investing in the Welspun Living Buyback 2024 can be beneficial for several reasons:
- Premium Price: The buyback price of ₹220 is higher than the market price, providing an immediate profit opportunity.
- Shareholder Value: Buybacks can enhance shareholder value by reducing the number of shares outstanding, leading to higher earnings per share (EPS).
- Long-term Growth: Welspun’s commitment to innovation and quality positions it well for future growth, making it a potentially rewarding investment.
Conclusion
The Welspun Living Buyback 2024 presents a valuable opportunity for investors looking to capitalize on the company’s growth trajectory. With a favourable buyback price and solid financial performance, participating in this buyback could enhance shareholder returns. Make sure to stay informed about the key dates and follow the necessary steps to ensure your eligibility for this buyback program.
