Welspun Corp and JSW Steel have entered into Business Transfer agreement (BTA) for sale of Plates and Coil Mill Division (PCMD Division). As regards purchase consideration, an amount of Rs 225,00,00,000, has been received by the Company as on April 30, 2021. The balance purchase consideration shall be received by the Company by May 31, 2021 subject to fulfillment of regulatory approvals and payment milestones as provided under the BTA.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
