387 of 600 accepted
Welspun India Limited Buyback Offer 2021
Welspun is a fully integrated player within the Line Pipes and Home Textiles sectors, with a significant presence in Infrastructure development, spanning Roads, Water and Oil & Gas. As a globally recognised industry leader, the group has a worldwide reach panning more than 50 countries, and employing over 26,000 people across geographies, ethnicities and cultures.
Welspun’s vast global footprint allows the group to leverage business associations with a marquee of esteemed clients, especially within the Oil & Gas and Retail sectors. In Line Pipes, we are the partners of choice for some of the most challenging projects for the largest players in the global Oil and Gas industry.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||May 26 2021|
|Buyback Opening Date:||Jun 22 2021|
|Buyback Closing Date:||Jul 05 2021|
|Buyback Offer Amount:||₹ 200 Crores|
|Date of Board Meeting approving the proposal:||May 14 2021|
|Date of Public Announcement:||May 14 2021|
|Buyback Offer Size:||6.36%|
|Buyback Number of Shares:||1,66,66,667|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 120 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Crores)||Mar-15||Mar-16||Mar-17||Mar-18||Mar-19||Mar-20||Mar-21|
|Profit before tax||753||1,074||536||560||287||694||769|
|EPS in Rs||5.37||7.33||3.56||3.83||2.09||5.05||5.37|
|Dividend Payout %||20%||18%||18%||17%||14%||20%||3%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,68,266||1,68,266||1,68,266||1,68,266|
|No. of Shares buyback||550||833||1250||1666|
Sir, You are lucky. Now you can sell the shares at a better price. Congratulations.
What is the expected AR of Welspun?
Sir, 1392 shares are accepted out of the tendered shares of 1800 for buyback.
Congratulations Siva ji. You have rightly picked up biyback shares.
Thank you very much, sir
Navneet Publication, coming with Buyback??
Is it good to buy for buyback purpose
Monday is the last day to buy for tender in buyback.
Your info was incorrect.
I bought on Monday, but shares reached DMAT after record date..
As per section 10(34A), any income arising to a shareholder (including ESOP-shares) on account of buyback of shares by the company shall be exempt in the hands of such shareholders. Further, as per section 115QA, the tax @ 20% shall be paid by the unlisted company on the buyback of its shares.
In nutshell, Profit/Gain (STCG/LTCG) arising on Buyback of Shares shall be *Tax Exempt* u/s 10(34A)
What could be the proper price to purchase for Buy Back only [not for investment] and expected ER/AR?
Does anyone know how to show this income that arises from buyback profit in ITR2?
What will be the acceptance ratio?
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