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Welspun Enterprises seeks shareholders' nod for buy back shares worth Rs 270 crore

03 Jan 2017 Evaluate

Welspun Enterprises is seeking shareholders' approval for buying back up to 25% of its share capital at Rs 62 per equity share for an aggregate consideration not exceeding Rs 270 crore. The promoter group, except the foreign co-promoters holding 2.17%, have indicated their intention to participate in the proposed buyback. Promoters hold a total 37.35% stake in the company, with public shareholding at 54.72%.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company as well as a holding company in the business of Infrastructure, Oil & Gas Exploration and Renewable Energy. WEL has executed infrastructure projects such as highways, bridges, industrial, residential and commercial buildings.

Welspun Enterprises Share Price

561.60 -4.25 (-0.75%)
14-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
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