Further to the stock exchange intimation dated July 24, 2017, Welspun Enterprises has informed that the Company has completed the acquisition of 49% stake in the Projects from MBL Group at the agreed consideration of Rs 230 mn. WEL shall replace the Bank Guarantees provided by MBL group within 60 days of the Appointed Date.
The above information is a part of company’s filings submitted to BSE.