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Welspun Corp shines on successfully concluding placement of NCD worth Rs 252.8 crore

17 Sep 2012 Evaluate

Welspun Corp is currently trading at Rs. 101.50, up by 0.40 points or 0.40% from its previous closing of Rs. 101.10 on the BSE.

The scrip opened at Rs. 103.00 and has touched a high and low of Rs. 103.00 and Rs. 100.75 respectively. So far 52,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 156.50 on 17-Feb-2012 and a 52 week low of Rs. 64.50 on 09-Dec-2011.

Last one week high and low of the scrip stood at Rs. 105.40 and Rs. 99.00 respectively. The current market cap of the company is Rs. 2,311 crore.

The promoters holding in the company stood at 37.96% while Institutions and Non-Institutions held 32.91% and 19.02% respectively.

Welspun Corp (WCL), the second largest (large diameter) pipe company in the world, and the flagship company of the $3.5 billion Welspun Group has successfully concluded the placement of AA(-) rate secured Redeemable Non- convertible Debentures( NCD’s).

The company raised Rs 252.8 crore NCD’s including Rs 200 crore NCD’s (announced earlier) and the green shoe option of Rs 52.8 crore, with maturity of 5 and 7 years. The NCD’s with 7 years maturity were raised excluding issue expense at a coupon of 11.15% per annum with put/call at the end of 5 years and at 11.25% per annum without any put/call option. 

Besides, the issue was dual rated at AA(-) thus affirming that the instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. The NCD’s was placed amongst marquee investors including banks and financial institutions

Welspun Corp Share Price

1077.65 0.30 (0.03%)
20-Apr-2026 16:59 View Price Chart
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