Welspun Corp sells part of Saudi pipe business stake for over ₹650 crore
Welspun Corp Ltd said on Tuesday, June 9, its wholly owned subsidiary, Welspun Mauritius Holdings Ltd (WMHL), has divested a 4.5% equity stake in Saudi Arabia-based East Pipes Integrated Company for Industry (EPIC) for an aggregate consideration of SAR 283.46 million (about $75.59 million). The stake sale was executed through a series of negotiated trades…
