Welspun Investments Sells Welspun Corp Shares for ₹1365 Cr

Welspun Investments and Commercials Ltd has completed the divestment of 60,00,000 equity shares in Welspun Corp Limited at a price of ₹2,275.30 per share. The total transaction value amounts to INR 1365,18,00,000 (Rupees One Thousand Three Hundred Sixty-Five Crores Eighteen Lakhs). Following this sale, the company now holds 7,58,000 equity shares in Welspun Corp Limited. The transaction was conducted via a block deal and is not a related party transaction. This divestment is a significant step in the company's strategy regarding its holdings in Welspun Corp.