Welspun Projects has entered into an agreement with Leighton Welspun Contractors (LWIN) for transfer of 72% of EPC order book of the company to LWIN, subject to shareholders and other necessary consents, approvals etc. The company has entered into an agreement on March 05, 2013.
In consideration of transfer of aforesaid EPC order book, LWIN shall allot and issue to the company 11,503,485 equity shares of Rs 10 each comprising of 7.5% of the post issued share capital of LWIN.
Besides, the value of the purchase consideration being issued in the nature of the equity shares for the purposes of the transfer of the aforesaid EPC order book is Rs 1,150,348,500.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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