Welspun Living Limited has approved a share buyback worth up to ₹252 crore through the tender offer route at a price of ₹175 per equity share, representing a premium of nearly 29% over the company’s current market price of around ₹136 per share.
The company’s board approved the repurchase of up to 1.44 crore fully paid-up equity shares with a face value of Re 1 each. The buyback size represents 6.52% and 5.65% of the company’s total paid-up equity share capital and free reserves on a standalone and consolidated basis respectively, as of March 31, 2026.
Welspun Living said the buyback will be undertaken through the tender offer route in accordance with SEBI Buyback Regulations and other applicable provisions under the Companies Act, 2013.
The company has fixed Friday, May 22, 2026, as the record date for determining shareholder eligibility for participation in the buyback offer.
According to the filing, members of the promoter and promoter group have indicated their intention to participate in the proposed buyback.
DAM Capital Advisors Limited has been appointed as the manager to the buyback, while Shraddha Popat, Company Secretary of the company, has been named as the compliance officer for the process.
Welspun Living added that the detailed public announcement containing timelines and other procedural details will be issued separately in accordance with regulatory requirements.
The company is one of India’s leading home textiles manufacturers and operates across bedding, bath linen, flooring solutions and consumer home products with a significant global presence.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.