Welspun Enterprises' Rs 270 cr buyback offer to open on Mar 3

Welspun Enterprises today said its Rs 27O crore buyback offer will open on March 3.

"The buyback offer opens on March 3, 2017 and closes on March 17, 2017," Welspun Enterprises Ltd said in a filing to BSE.

"A copy of the Letter of Offer and Tender Form for buyback of equity shares of the company being dispatched to the shareholders of the company in terms of Regulation 9 of SEBI (Buy Back of Securities) Regulations, 1998. The dispatch is being completed on February 27, 2017," the filing said.

Welspun Enterprises, part of USD 2.3 billion Welspun Group, had earlier announced plans to buy back up to 25 percent of its share capital at Rs 62 per equity share in cash for an aggregate consideration not exceeding Rs 270 crore. PTI SID .