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MoneyWorks4Me

Genesis Asset Managers sells 13,39,444 shares of Welspun Corp

06 Dec 2012 Evaluate

Genesis Asset Managers A/C Genesis Indian Investment Company has sold 13,39,444 shares of Welspun Corp in an open market transaction. The shares were sold at Rs 107.53 a piece on National Stock Exchange (NSE) on December 05, 2012.

Welspun Corp, the flagship company of the $3.5 billion Welspun Group, is one stop service provider offering complete pipe solution with a capability to manufacture line pipes ranging from half inch to 120 inches, along with specialized coating, double jointing and bending.

Peers
Company Name CMP
JSW Steel 1345.00
Tata Steel 184.90
Steel Authority 169.80
Jindal Stainless 691.05
APL Apollo Tubes 2180.10
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