Welspun Corp Limited ( (IN:WELCORP) ) has provided an announcement.
Welspun Corp Limited has increased its stake in its subsidiary, Welspun Specialty Solutions Limited (WSSL), from 50.03% to 51.06% through a Rights Issue subscription. The company invested approximately Rs. 193.00 crores to acquire 7,31,07,443 equity shares at Rs. 26.40 per share. This strategic move aims to strengthen Welspun Corp’s influence in the alloy and stainless steel manufacturing sector, potentially enhancing its market positioning and operational capabilities.
More about Welspun Corp Limited
Welspun Corp Limited operates in the manufacturing industry, specializing in alloy and stainless steel products through its subsidiary, Welspun Specialty Solutions Limited (WSSL). The company is focused on enhancing its market position by increasing its shareholding in WSSL, which is listed on BSE Limited.
YTD Price Performance: 7.12%
Average Trading Volume: 37,614
Current Market Cap: 230.7B INR
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