Welspun Corp acquires 4.11% stake in subsidiary for ₹109 crore
pre-market1 source ↓written by the desknot a recommendation
- the acquisition
- 2.72 crore equity shares
- of Welspun Specialty
- 4.11%
- promoter group
- ₹108.96 crore
- in WSSL
- 51.06% to 55.17%
Welspun Corp has completed the acquisition of 2.72 crore equity shares, representing 4.11% of Welspun Specialty Solutions from its promoter group for ₹108.96 crore. This transaction increases Welspun Corp's stake in WSSL from 51.06% to 55.17%. The acquisition was executed via a block deal at market price, enhancing the company's control over its subsidiary.
Not investment advice. For informational purposes only.