Welspun Mauritius Sells 4.5% Stake in East Pipes for $75.59M

Welspun Mauritius Holdings Limited (WMHL), a wholly owned subsidiary of Welspun Corp Ltd, has divested a 4.5% equity stake in East Pipes Integrated Company for Industry (EPIC), based in Saudi Arabia. The sale was executed through negotiated trades on the Tadawul Stock Exchange on June 9, 2026, for an aggregate consideration of SAR 283.46 million (approximately US$ 75.59 million). Following this divestment, Welspun Pipes Inc., USA, another subsidiary, will continue to hold a 22% equity stake in EPIC. The filing also provides financial details of EPIC as of March 31, 2026, including revenue of SAR 2,298 million, profit before tax of SAR 621 million, and net worth of SAR 1,564 million.