Announced Fri, 24 Jul · 14:25 IST
Welspun Corp to acquire 51% in WCPGL from promoter group, invest in new GGBS firm
WELCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹1611.00
prior close
₹1581.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.7+0.7+0.4-0.7—————————
Up moveDown movePending
AI summary
Board approved Q1FY27 results: consolidated revenue Rs 4,081 cr (up 15% YoY), net profit Rs 1,042 cr lifted by Rs 548 cr gain from sale of EPIC shares. Also approved acquiring additional 51% in WCPGL from promoter group firm Welspun Living for Rs 67.66 cr, raising stake to 74 percent (making it a subsidiary). Plus 26 percent stake in new firm Slagexcel for GGBS product. Deal to close by 31 August 2026.
Likely market impact
WCPGL becomes subsidiary aiding captive power needs; small GGBS foray; Q1 profit inflated by one-time EPIC gain.