Welspun Enterprises Limited (WEL), the infrastructure development arm of Welspun World, has acquired a 50.10% stake in Michigan Engineers Private Limited (MEPL), an EPC company in the urban water infrastructure segment...
Welspun acquires water tanks manufacturer Sintex for Rs 1251 crore
Welspun Group has acquired the plastic industry market leader Sintex for Rs Rs 1251 crore, the company said today. For decades Sintex has been a household name in India for water tanks and other plastic products having...
Welspun set to acquire 70% debt of Sintex BAPL
Welspun Corp is set to acquire over 70% of the debts of KKR-backed Sintex BAPL, paving the way to take control of the distressed plastic products-maker amid insolvency proceedings, said two people aware of the...
Welspun Corp wins bid for ABG’s Shipyards
Welspun Corp has emerged as the winning bidder of the shipyard of distressed borrower ABG Shipyard at an auction for a consideration of ₹659 crore. Welspun Corp and its subsidiary Nauyaan Shipyard would acquire the ABG...
Welspun Looks To Acquire Bankrupt Sintex Group Arm
Welspun group company Welspun Corp has placed a bid to acquire Sintex Prefab and Infra Ltd, as part of the Sintex group firm’s ongoing bankruptcy resolution process in the National Company Law Tribunal (NCLT), said two...
Vedanta, Welspun among 29 bidders in fray for Mittal Corp
Anil Agarwal-promoted Vedanta, Welspun Corp, O P Jindal-led Jindal Stainless Ltd and Ares SSG Capital-backed Assets Care & Reconstruction Enterprises Ltd are among 29 applicants to have shown interest in acquiring...
Actis looks to buy Welspun’s road assets for up to ₹10,000 crore
Private equity investor Actis is in advanced talks to buy six road assets of Welspun Enterprises Ltd for an enterprise value of ₹8,000 crore- ₹10,000 crore, said two people aware of the development, requesting anonymity...
Reliance-ACRE, Welspun in final lap to buy bankrupt Sintex Industries
Reliance Industries Ltd (RIL) and Welspun are the leading contenders to acquire bankrupt Sintex Industries, said people with knowledge of the matter. RIL, in partnership with Assets Care & Reconstruction Enterprise...
Arpwood, Welspun Group in race to buy Sintex BAPL
Arpwood Capital and Welspun group have separately made offers to lenders of KKR-backed Sintex BAPL that was admitted by bankruptcy court a year ago, said people aware about the development. Rajeev Gupta and Raj Kataria...
JSW Steel completes acquisition of Welspun’s plates and coil mill business
Steelmaker JSW Steel on Thursday completed buying the plates & coil mill business of Welspun for a sum of Rs 848.5 crore under a business transfer agreement. “It may kindly be noted that Laptev (a JSW Group company)...
Welspun One raises Rs 300 crore to fund logistics parks
Welspun One Logistics Parks has raised over Rs 300 crore from a set of investors comprising domestic high-net-worth investors and family offices. The category II alternative investment fund is an integrated funding...
Welspun India’s board approves raising up to $100 mn
Home textiles major Welspun India’s board has approved raising up to $100 million (approximately ₹750 crore) in one or more tranches. The board of directors has “approved raising of borrowing of up to a...