Welspun Corp has completed sale of 19% equity stake (1,900 equity shares) in Welassure to Rakshak Securitas, which is not a related party. The consideration received from such sale is Rs 0.95 crore.
The Board of Directors of the Company at its meeting held on February 05, 2025 had approved the same.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.