Welspun Corp Limited Subsidiary Divests 4.5% Stake in East Pipes Integrated Company
Welspun Corp Limited's wholly owned subsidiary, Welspun Mauritius Holdings Limited (WMHL), has divested a 4.5% equity stake in East Pipes Integrated Company for Industry (EPIC), based in the Kingdom of Saudi Arabia (KSA). The sale was completed through negotiated trades on the Tadawul Stock Exchange, KSA, to identified financial investors.The divestment, which took place on June 9, 2026, resulted in WMHL receiving an aggregate consideration of SAR 283.46 million, equivalent to approximately US$ 75.59 million. This transaction was executed outside of a Scheme of Arrangement and did not fall under related party transactions.
Following the divestment by WMHL, Welspun Pipes Inc., USA, which is also a wholly owned subsidiary of the Company, will continue to hold a significant stake in EPIC, maintaining a 22% equity share in the company.
Details regarding East Pipes Integrated Company for Industry (EPIC) as of March 31, 2026, are provided below:
| Metric | Value |
|---|---|
| Revenue | SAR 2,298 million |
| Profit before Tax | SAR 621 million |
| Net Worth | SAR 1,564 million |
WELCORP Stock Price Movement
Welspun Corp Limited shares soared today, gaining 4.71% in the post-market session to settle at ₹1411.6. The stock showed robust demand, with a total traded volume of 677,222 shares as it closed near its yearly high levels.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.