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Promoter holding in Welspun Enterprises rises to 44% post buyback

Promoter holding in Welspun Enterprises rises to 44% post buyback

Monday, April 3, 2017, 6:16 PM

Promoter holding in Welspun-Enterprises, the BSE listed company part of the Welspun-group, has risen to 44% from 37% post its share buyback offer that closed in March. Welspun did a buyback of shares through a tender offer in March at Rs 62 per share. At the same time, the promoters bought 1.5 million shares from the open market. Post the buyback of the shares.
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