Welspun Enterprises completes sale of 13% stake in DBCL

19 Dec 2018

Welspun Enterprises has completed the transaction for sale of 13% stake in Dewas Bhopal Road Corridor (DBCL) with India Infrastructure Fund-II and has received consideration of Rs 57.70 crore. With this, the company has completely divested its 50% stake in DBCL for a total consideration of Rs 184.10 crore as against its fund infusion of Rs 85.40 crore implying a multiple of 2.15x.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.

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