Welspun Corp Cancels 26% Stake Sale in Clean Max Dhyuthi

Welspun Corp Ltd (WCL) has announced the cancellation of its proposed sale of a 26% equity stake in its subsidiary, Clean Max Dhyuthi Private Limited, to Welspun Living Limited (WLL). The transaction, initially approved on May 21, 2026, involved selling 48,599 equity shares for ₹760 lakhs and was expected to be completed by August 31, 2026. Both parties have mutually agreed not to proceed with the deal due to current market conditions related to power demand, supply, and availability. Clean Max Dhyuthi is involved in solar and renewable energy generation under a captive model.