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Welspun Corp acquires additional NCDs of Sintex BAPL

12 Apr 2022 Evaluate

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.

Welspun Corp Share Price

1403.95 -16.95 (-1.19%)
22-Jun-2026 16:59 View Price Chart
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