Welspun Corp arm sells 5% stake in associate entity for about Rs 480 crore
The proceeds from the sale of EPIC shares are proposed to be redeployed by WMHL in its new wholly-owned subsidiary Welspun Pipes Company, KSA (WPC), for partly financing the capex of USD 200 million for DI (ductile iron) and LSAW (Longitudinal Submerged Arc Welding) pipes greenfield projects in KSA.
Welspun Corp arm sells 5% stake in associate entity