Welspun Corp has received approval for buyback proposal for purchase of its own fully paid equity shares of Rs 5 each at a price to be finalized by the Buyback committee subject to a maximum price of Rs 140 per Equity Share payable in cash, for a maximum aggregate amount up to Rs 390 crore from the shareholders of the company on a proportionate basis through the tender offer route. The Board of Directors of the Company at its meeting held on May 14, 2019 has approved the same.
Welspun Corp is currently in four businesses viz. Line Pipes, Energy, Infrastructure & Steel and enjoys a global leadership position in the first two businesses. It may be recalled that Welspun Corp is already in advanced stages of demerging the parts of its business other than Line Pipes into Welspun Enterprises through a court process.
| Company Name | CMP |
|---|---|
| Tata Steel | 211.60 |
| JSW Steel | 1253.20 |
| SAIL | 173.00 |
| Jindal Stainless | 786.20 |
| APL Apollo Tubes | 2121.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: