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Welspun Corp zooms on getting nod to acquire 2.57% stake in WMHL

19 Jan 2026 Evaluate

Welspun Corp is currently trading at Rs 771.60, up by 34.35 points or 4.66% from its previous closing of Rs 737.25 on the BSE.

The scrip opened at Rs 737.25 and has touched a high and low of Rs 777.55 and Rs 735.00 respectively. So far 26440 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52-week high of Rs 994.60 on 10-Jun-2025 and a 52-week low of Rs 665.70 on 03-Mar-2025.

Last one week high and low of the scrip stood at Rs 777.55 and Rs 730.65 respectively. The current market cap of the company is Rs 19854.20 crore.

The promoters holding in the company stood at 49.77%, while Institutions and Non-Institutions held 26.44% and 23.79% respectively.

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.

Welspun Corp Share Price

962.90 13.35 (1.41%)
10-Apr-2026 16:59 View Price Chart
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