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Welspun Corp contemplating proposal to buyback equity shares at face value

A board meeting of the company will be held on May 14, 2019 to consider proposal to buyback the fully paid-up equity shares at the company face value of Rs 5 each

Press Trust of India  |  New Delhi 

Welspun corporate office building is pictured in Mumbai
Welspun corporate office building in Mumbai

Ltd, the flagship firm of the Welspun Group, Friday said its board will meet next week to consider of

A board meeting of the company will be held on May 14, 2019 to consider proposal to the fully paid-up at the company face value of Rs 5 each.

The company, however, did not elaborate on the matter.

"The board will also consider the financial results and recommendation of dividend on for fiscal year ended March 31, 2019," said in a BSE filing.

Corp is among the largest welded line pipe manufacturing in the world.

Shares of were trading 2.96 per cent higher at Rs 144.15 apiece on BSE.

First Published: Fri, May 10 2019. 12:01 IST
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