WICL to divest up to 67.58 lakh shares in Welspun Corp at floor price Rs 2,250

Core Business DivestedStrategic Transactions View source PDF Explain this filing

WELINV · price

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

+5.0%Reaction day

₹2229.20

prior close

₹2340.60

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+4.4% vs market

On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+5.0+0.6+4.4

Next day

+2.9+0.4+2.5

+0.8+0.7+0.2

-0.7+1.0-1.6

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-22.4-9.0-13.4

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AI summary

WICL board approved the divestment of up to 67,58,000 equity shares held by the company in Welspun Corp Limited at a floor price of Rs 2,250 per share. At this floor price, the indicative transaction value is around Rs 1,520 crore. The company will share further details upon completion of the sale. Board meeting was held on August 25, 2026.

Likely market impact

Major cash inflow of around Rs 1,520 crore for WICL from stake sale in Welspun Corp. Likely material for WICL shareholders.