Welspun Corp’s promoter group entities -- Welspun Infra Developers and Welspun Fintrade -- have acquired the entire equity shareholding held by Mulheim Pipecoatings GmbH (a Co-promoter) in Welspun Corp, constituting 3.124% equity shareholding in Welspun Corp, at a per share price of Rs 85.25 per equity share, by way of a block deal on the designated trading window of the Bombay Stock Exchange (BSE).
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.
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