Welspun Enterprises’ board has approved the sale of company’s entire stake in its non-operative wholly owned subsidiaries -- Kim Mandvi Corridor (Formerly known as Welspun Project (Kim Mandvi Corridor)) and Buildtech Projects & Infra (Formerly known as Welspun Build-Tech) to Sherry Exports. The transaction is expected to be completed on or before March 31, 2025. The company will receive total sale consideration of Rs 4.48 lakh from the transactions. The Board of Directors of the company at its meeting held on March 27, 2025, has considered and approved the same.
Welspun Enterprises (WEL) (Formerly known as Welspun Projects), part of the Welspun Group, is an operating Company as well as a holding company. The Company’s key activity is in the infrastructure business.
| 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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