Welspun Corp Limited has informed the Exchange about Intragroup transaction: Transfer of 69,30,000 (22.0%) equity shares of East Pipes Integrated Company for Industry ( EPIC ) from Welspun Mauritius Holdings Limited ( WMHL ) to Welspun Pipes Inc ( WPI ) both wholly owned subsidiaries of the Company.
WELCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Welspun Corp has informed the exchanges that its wholly owned US subsidiary Welspun Pipes Inc (WPI) has acquired a 22% stake (69,30,000 equity shares) in Saudi Arabia-based East Pipes Integrated Company for Industry (EPIC) from another wholly owned subsidiary, Welspun Mauritius Holdings (WMHL). The deal was completed on the Tadawul Stock Exchange at SAR 141.40 per share, aggregating to approximately SAR 979.90 million (around ₹2,170 crore). EPIC, a manufacturer of iron and steel pipes, tubes and hollow shapes, reported turnover of SAR 1,832.85 million in FY25. After the transfer, EPIC will be an associate of WPI instead of WMHL. WCL has clarified this is purely internal reorganization with no change in ultimate ownership and no material impact on operations, financials or profitability.
Neutral for shareholders. The economic interest of Welspun Corp in EPIC remains unchanged, so this is largely an internal portfolio reshuffle with no effect on consolidated earnings or ownership. Investors should treat it as administrative housekeeping rather than a strategic event.