Welspun Corp has acquired additional non-convertible debentures (NCDs) having a face value of Rs 100,000 each with outstanding of Rs 39.97 crore for a purchase price of Rs 13.59 crore by its wholly-owned subsidiary viz. Mahatva Plastic Products And Building Materials (MPPBMPL) from existing lenders of Sintex BAPL (SBAPL). These NCD's have First & Pari-Passu charge on the movable fixed assets of SBAPL. The said acquisition of NCDs is not a related party transaction.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
| Company Name | CMP |
|---|---|
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| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
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