Welspun Corp Ltd Acquires 2.57% Equity Stake in Welspun Mauritius Holdings Limited for USD 5.962 Million

Welspun Corp Ltd has approved the acquisition of a 2.57% equity stake in Welspun Mauritius Holdings Limited from Welspun Pipes Inc., USA, a wholly-owned subsidiary of the Company. The transaction is valued at not exceeding USD 5.962 million, subject to regulatory compliances. Upon completion, Welspun Mauritius Holdings Limited 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.