's promoter entity, Welspun Investments and Commercials Ltd, alongside MD & CEO Vipul Mathur, plan to sell up to 6.3 million shares (~2.4% of total outstanding equity) worth up to ₹1,418 crore ($149 million) via a secondary block deal. Pricing & Lock-in Terms: The offer floor price is set at ₹2,250 per share, reflecting a 4.1% discount to the stock’s closing price of ₹2,345.50 on the NSE. Both sellers are bound by a 90-day lock-up period on their remaining holdings following the transaction. Context of Recent Order Win: The transaction follows shortly after the pipe manufacturer announced a massive ₹17,200 crore ($1.8 billion) order in the US, which initially sent the stock surging nearly 20% across two trading sessions before it closed 3% lower on Tuesday. Concurrent Deals: On the same day, private equity firm Ribbit Capital plans to offload up to ₹1,914 crore ($200 million) worth of shares in Groww’s parent company, Billionbrains Garage Ventures Ltd, marking another major secondary transaction. Wider Market Trend: This divestment aligns with an active period for secondary block sales in India, following recent multi-crore stake sales by prominent investors in companies like Meesho, Amagi Media Labs, Paytm, Shadowfax Technologies, and Lenskart.

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