WICL sells 60L Welspun Corp shares for Rs 1,365 cr via block deal
WELINV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
WICL completed the sale of 60 lakh equity shares of Welspun Corp at Rs 2,275.30 per share through a block deal, aggregating to Rs 1,365.18 crores. After the transaction, WICL retains 7,58,000 shares in Welspun Corp. The deal follows WICL's earlier disclosure on the proposed divestment and marks a sharp reduction in its investment exposure to Welspun Corp.
Major cash inflow of about Rs 1,365 cr for WICL; sharp cut in exposure to Welspun Corp suggests portfolio rebalancing by the investment arm.