Welspun Group Promoters, through a closely held family office investment has acquired majority stake in warehousing platform – One Industrial Spaces, an integrated fund, development and asset management...
Laptev Finance gets CCI nod to acquire Welspun’s plates and coils biz
The Competition Commission on Monday said it has approved the acquisition of Welspun Corp’s plates and coils mill division by Laptev Finance Pvt Ltd. Welspun Corp in March had said it will sell its assets worth Rs...
Sterlite Power, Welspun, IARC, others bid for Punj Lloyd
Bankrupt engineering company Punj Lloyd has received initial bids from both strategic players and asset reconstruction companies, including Sterlite Power, Welspun Enterprises, International Asset Reconstruction Company...
Welspun Corp contemplating proposal to buyback equity shares at face value
Welspun Corp Ltd, the flagship firm of the Welspun Group, Friday said its board will meet next week to consider buyback of shares. A board meeting of the company will be held on May 14, 2019 to consider proposal...
Welspun Corp to sell assets worth Rs 940 crore
Welspun NSE 0.25 % Corp, the flagship firm of the Welspun Group, Sunday said it will sell its assets worth Rs 940 crore to two companies — Laptev Finance and Welspun Captive Power Generation. The company has...
Welspun Corp. to raise Rs250 crore via NCDs
Welspun Corp., the flagship company of Welspun Group, plans to raise Rs250 crore through issuance of non-convertible debentures (NCDs) on private placement basis. “The Board of Directors at its meeting…approved...
Welspun India’s promoter sells 5% stake in textile worth Rs 3.5 billion
A promoter of Welspun India on Wednesday sold nearly 5 percent stake in the textile firm for almost Rs 3.5 billion through an open market transaction. According to the bulk deal data available with NSE, Welspun...
Welspun Enterprises to buy 49% stake in 2 NHAI road projects from MBL Group
Infrastructure firm Welspun Enterprises Ltd (WEL) today announced acquisition of 49 per cent stake in two road projects of NHAI from MBL Group for Rs 23 crore. The company also said that its board has approved the...
WEL completes Rs 286 crore stake sale in Welspun Energy
Welspun Enterprises LtdBSE -4.37 % (WEL) today said it has completed the sale of its 15.4 percent stake in Welspun Energy for around Rs 286 crore. This deal is another step in the company’s business re...
Welspun India to invest $3 mn on promotion of Egyptian cotton
After a one-time hit of Rs 501 crore on its balance sheet, home textile major Welspun India has initiated damage control measures to regain the credibility it lost when leading US chains Target and Walmart pulled out...
Welspun to invest Rs 4k cr on textile projects in Gujarat
Diversified Welspun Group today said it would invest Rs 4,000 crore on three large textile projects in Gujarat. Welspun India said in a BSE filing that three MoUs are being signed with the state government at the...
Tata Power Board endorsed Cyrus Mistry’s proposal to buy Welspun
MUMBAI: Tata PowerBSE -1.24 %’s independent director Nawshir H Mirza said the board unanimously endorsed Cyrus Mistry’s proposal to buy Welspun Renewables for $1.2 billion as it was in line with the...