The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Welspun Corp Ltd
WELSPLSOL · price
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Welspun Corp Limited, part of the promoter group of Welspun Specialty Solutions Limited, acquired 2,72,39,744 equity shares (4.11% of voting capital) through open market purchases on December 22, 2025. The acquisition raised Welspun Corp's holding from 51.06% (33,82,97,477 shares) to 55.17% (36,55,37,221 shares) of the target company. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations 2011, and no encumbrance (pledge/lien) was involved. The equity capital of the target company remained unchanged at Rs. 3,97,56,68,670 across 66,26,11,445 shares of Rs. 6 each.
This is a positive signal showing the promoter group's continued confidence in the company, as they have voluntarily increased their ownership by spending on open market purchases. Higher promoter holding (now above 55%) typically reduces the free float and may be viewed as supportive of the stock, though it also concentrates control further.