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Welspun Corp sells 19% equity stake in Welassure

13 Feb 2025 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1261.00
Tata Steel 186.00
Steel Authority 184.45
Jindal Stainless 745.30
APL Apollo Tubes 2200.00
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