Welspun Corp arm sells 4.5% stake in Saudi-based EPIC for about USD 75.59M

Strategic Transactions View source PDF Explain this filing

WELCORP · price

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Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹1410.00

prior close

₹1418.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-1.7% vs market

Iron & Steel Products peers, median of 93sector-1.4%-1.4% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 1.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.1

10m

-2.5

15m

-2.5

30m

-2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-1.1-1.7-1.4-1.4

Next day

-2.3-2.0-0.4-1.6-0.7

-0.8+0.6-1.4-0.4-0.4

-2.1+1.9-3.9+0.9-2.9

-2.7+2.3-5.0+0.6-3.3

-1.1+3.1-4.2+0.9-2.0

+1.3+4.3-3.1+0.8+0.5

15d

+6.3+5.9+0.4+0.7+5.6

+14.7+6.7+8.0+0.6+14.1

+31.1+8.1+23.0+0.8+30.3

+96.2+8.6+87.7+3.6+92.6

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 93Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Welspun Corp's Mauritius arm sold 4.5% equity in Saudi-listed East Pipes Integrated Company (EPIC) for SAR 283.46 million, about USD 75.59 million, via negotiated trades on Tadawul Stock Exchange on 9 June 2026. EPIC's FY26 revenue was SAR 2,298 million and PBT SAR 621 million. Welspun Pipes Inc USA will still hold 22% in EPIC post-sale. Not a related party transaction.

Likely market impact

Positive cash inflow of about USD 75.59M from partial stake sale; Welspun retains 22% in EPIC via its US arm.