SEBI revokes ban on Welspun Corp promoters

Securities and Exchange Board of India (SEBI) has vacated its earlier order against Welspun Corp (WCL), wherein it had abstained some of the company’s promoters entities from selling, buying or dealing  in the company’s securities and other listed  companies promoted by them.

SEBI via its order dated March 16, 2012 vacated its earlier order dated 2, 2010, wherein it had banned the sale of company’s securities by promoter’s entities.

WCL currently offers a one stop solution in line pipes with a capacity to manufacture Longitudinal (LSAW), Spiral (HSAW) and HFERW / HFI (ERW) pipes. The company additionally offers coating, bending and double jointing facilities, thereby offering a 360 degree pipe solution to its customers.