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Welspun Corp gets nod to raise Rs 500 crore

29 Jun 2021 Evaluate

Welspun Corp has received an approval for raising of funds by way of private placement up to Rs 500 crore by issuing Commercial Papers / NCD. The company has traditionally used this for raising Commercial Papers for routine working capital requirements. The Board of Directors of the company at its meeting held on June 28, 2021 has considered and approved the same.

Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.

Peers
Company Name CMP
JSW Steel 1354.00
Tata Steel 189.50
Steel Authority 170.80
Jindal Stainless 704.45
APL Apollo Tubes 2186.95
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