Welspun Living to sell 51% in WCPGL to Welspun Corp for Rs 67.66 Cr; Rs 121 Cr capex approved

Welspun Living board approved transferring its 51% stake (about 1.5 crore equity shares) in subsidiary Welspun Captive Power Generation (WCPGL) to promoter group firm Welspun Corp for Rs 67.66 Crore. WCPGL contributed 1.30 percent of company total income and 4.11 percent of net worth. Post deal, WCPGL will cease to be a subsidiary and become an associate. The related party deal is at arm's length, with completion targeted by August 31, 2026. The board separately approved Rs 121 Crore capex for modernization at the Anjar textile facility.