Welspun Corp Limited Transfers Stake in East Pipes Integrated Company
Welspun Corp Limited announced the transfer of a 22.0% equity stake in East Pipes Integrated Company for Industry ('EPIC') from Welspun Mauritius Holdings Limited ('WMHL') to Welspun Pipes Inc ('WPI'), both wholly owned subsidiaries of the company. The transaction, valued at approximately SAR 979.90 million, was completed on March 24, 2026, on the Tadawul Stock Exchange.This intragroup transaction does not alter the ultimate ownership structure and is not expected to significantly impact Welspun Corp Limited's operations, financial standing, or profitability. Following the transfer, EPIC will transition from being an associate company of WMHL to an associate company of WPI.
The transaction was executed on an arm’s length basis.
Details of the Transaction:
| Particulars | Details |
|---|---|
| Target Entity | East Pipes Integrated Co. for Industry ('EPIC') |
| Consideration | SAR ~ 979.90 million |
| Shares Transferred | 69,30,000 equity shares (22.0%) |
| Price Per Share | SAR 141.40 |
| Completion Date | March 24, 2026 |
| Industry | Manufacturing of pipes, tubes and hollow shapes from iron and steel |
| EPIC’s Total Income | 2025: SAR 1,832.85 million; 2024: SAR 1,543.17 million; 2023: SAR 1,438.65 million |
| EPIC's Country of Presence | Kingdom of Saudi Arabia |
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