Welspun Living Sells 51% Stake in Power Unit for ₹67.66 Cr

Welspun Living Ltd has approved the transfer of its 51% stake in Welspun Captive Power Generation Limited (WCPGL) to Welspun Corp Limited, a promoter group company, for a consideration of ₹67.66 Crores. This transaction is part of a strategic initiative to increase renewable energy usage. The transfer is expected to be completed by August 31, 2026. Upon completion, WCPGL will cease to be a subsidiary and become an associate company of Welspun Living. Additionally, the company approved a capital expenditure of ₹121 Crore for a de-bottlenecking and modernization project at its Anjar facility to upgrade technology and meet market demands.