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.

Related Welspun Enterprises Ltd. Links:

Welspun Enterprises Share Price

100.95 0.00 (0.00%) May 05, 18:01
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 537.45
NBCC (India) 42.80
Sobha 479.00
JMC Projects (India) 82.15
Prestige Estate Proj 267.35
View more..
Sensex vs Welspun Enterprises
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback