Welspun Corp to Acquire 2.57% Equity Stake in Welspun Mauritius Holdings from Welspun Pipes Inc., USA

Welspun Corp Ltd has announced an update on the acquisition of a 2.57% equity stake in Welspun Mauritius Holdings Limited (WMHL) from Welspun Pipes Inc., USA, a wholly-owned subsidiary of the Company. The acquisition, initially expected to be completed by 31 March, 2026, is currently pending due to completion of certain procedural and transactional formalities. The completion of the transaction is now expected to be undertaken on or before 30 September, 2026. Upon completion, WMHL will become a direct wholly-owned subsidiary of the Company. The objective of the proposed acquisition is to streamline the Company’s overseas holding structure. Since the transaction is with a wholly-owned subsidiary, there is no impact on the Consolidated Financials.