Welspun Corp has received approval to acquire around 2.57% equity stake of Welspun Mauritius Holdings (WMHL), a subsidiary of the company, from Welspun Pipes Inc, USA (WPI), a wholly-owned subsidiary (WoS) of the company, for an aggregate consideration of not exceeding $5.962 million, subject to applicable regulatory compliances. The board of directors of the company at its meeting held on January 17, 2026, inter alia, has approved the same.
Upon completion of the said transaction, WMHL will become direct wholly-owned subsidiary of the company. The objective of the proposed acquisition is to streamline the company’s overseas holding structure. Since the transaction is with WoS only, there is no impact on the consolidated financials. The said acquisition is to be completed within FY25-26.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
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