Acquisitions31 Jul 2026, 07:40 pm
Welspun Corp Completes 51% Stake Acquisition in Welspun Captive Power
AI Summary
Welspun Corp Ltd has announced the completion of its acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL) from Welspun Living Limited (WLL). This transaction, involving 1,50,64,213 equity shares, has resulted in WCPGL becoming a subsidiary of Welspun Corp. The company's total holding in WCPGL, including its subsidiaries, now stands at 74%. This move is expected to consolidate power generation capabilities within the group.
Key Highlights
- Acquisition of additional 51% equity stake in WCPGL completed.
- WCPGL is now a subsidiary of Welspun Corp Ltd.
- Total holding in WCPGL increased to 74%.
- Transaction involved 1,50,64,213 equity shares.
Price Impact
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