Welspun Corp has paid ₹108.96 crore to acquire a 4.11% share in Welspun Specialty.

$WELENT Homegrown Welspun Corp Ltd on Monday (December 22) announced the completion of its acquisition of 2.72 crore equity shares, or 4.11%, in its subsidiary Welspun Specialty Solutions Ltd (WSSL) from the existing promoter group, comprising MGN Agro Properties Private Ltd and Welspun Group Master Trust, at market price The acquisition was executed through a block deal for an aggregate consideration of approximately ₹108.96 crore. Following the transaction, Welspun Corp’s equity stake in WSSL has increased from 51.06% to 55.17%.