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Last Updated : Jun 24, 2019 10:06 PM IST | Source: PTI

Welspun Corp to buy back 2.88 cr shares for Rs 390 cr

The company will buy back up to 28,888,888 equity shares. The committee has fixed July 5 as the 'record date' to determine the company's equity shareholders who would be eligible to participate in the buyback, it added.

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Welspun Corp said June 24 that the company will buy back 2.8 crore shares for Rs 390 crore, at a price of Rs 135 apiece. "The buyback committee at its meeting held June 24 (Monday) has fixed the buyback size of Rs 390 crore at a buyback price of Rs 135 per share," according to a BSE filing.

The company will buy back up to 28,888,888 equity shares. The committee has fixed July 5 as the "record date" to determine the company's equity shareholders who would be eligible to participate in the buyback, it added.
First Published on Jun 24, 2019 10:00 pm
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