<h1>Welspun Corp Completes Acquisition of 51% Equity Stake in Welspun Captive Power Generation Limited</h1>
Welspun Corp Limited has confirmed the successful completion of the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL). The transaction involved the purchase of 1,50,64,213 equity shares of WCPGL, each having a face value of Rs. 10/-.
The completion of this acquisition means that Welspun Corp Limited has now established definitive control over WCPGL, making it a subsidiary of the Company. The acquisition follows an earlier notification regarding the intent to acquire this stake from Welspun Living Limited (WLL), which is part of the promoter group.
Following the updated ownership structure, the combined holding of Welspun Corp Limited and its subsidiaries in Welspun Captive Power Generation Limited has risen to 74%. This move significantly strengthens the Company's operational control over WCPGL.
WELCORP Stock Price Movement
Welspun Corp Limited shares slipped by 0.29% today, settling at ₹1650.6 after the market close. The stock traded within an intraday range of ₹1645 and ₹1671, with a total volume of 382,124 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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