Welspun Corp is planning to issue Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs) aggregating to Rs 250 crore. The meeting of the Board of Directors of the Company is scheduled to be held on January 23, 2018, to consider the same.
Welspun Corp is currently in four businesses viz Line Pipes, Energy, Infrastructure & Steel and enjoys a global leadership position in the first two businesses. It may be recalled that Welspun Corp is already in advanced stages of demerging the parts of its business other than Line Pipes into Welspun Enterprises through a court process.
