Announced Fri, 31 Jul · 19:30 IST
Welspun Corp completes acquisition of 51 percent stake in WCPGL, holding at 74 percent
WELCORP · price
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Price reaction · full curve 14 horizons · vs prior close
+5.4%1-day move
₹1649.60
prior close
₹1672.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+1.0+0.7+0.1+5.4+8.5+10.3+11.5+12.1+13.0————
Up moveDown movePending
AI summary
Welspun Corp has completed acquiring an additional 51 percent equity stake in its captive power arm Welspun Captive Power Generation (WCPGL) from promoter group firm Welspun Living. The deal covers 1.5 crore equity shares of face value Rs 10 each. Following the completion, WCPGL has become a subsidiary of Welspun Corp, lifting the effective holding (with subsidiaries) to 74 percent.
Likely market impact
WCPGL is now a subsidiary of Welspun Corp with 74 percent effective holding, giving more control over captive power supply and potential cost benefits.