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Welspun Projects strengthens on entering into agreement with LWIN

06 Mar 2013 Evaluate

Welspun Projects is currently trading at Rs. 11.60, up by 0.18 points or 1.58% from its previous closing of Rs. 11.42 on the BSE.

The scrip opened at Rs. 12.20 and has touched a high and low of Rs. 12.20 and Rs. 11.60 respectively. So far 25 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 38.70 on 12-Mar-2012 and a 52 week low of Rs. 10.30 on 05-Mar-2013.

Last one week high and low of the scrip stood at Rs. 16.50 and Rs. 10.30 respectively. The current market cap of the company is Rs. 46.40 crore.

The promoters holding in the company stood at 61.12% while Institutions and Non-Institutions held 1.25% and 37.63% respectively.

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.

Welspun Enterprises Share Price

483.65 17.70 (3.80%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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