Welspun Enterprises Limited has announced the complete divestment of its equity shareholding in NXT Infra MCP Highways Private Limited, an associate company. The transaction, finalized on November 05, 2026, involved receiving the final tranche of payment amounting to ₹339.38 Crore. Consequently, Welspun Enterprises’ shareholding in NXT Infra MCP is now nil, and the company will no longer be an associate.
Divestment of Associate Stake Completed
Welspun Enterprises Limited has formally concluded the divestment of its entire stake in NXT Infra MCP Highways Private Limited, an associate company. This significant transaction aligns with the Securities Subscription and Purchase Agreement dated June 09, 2022, which outlined the exit from operational highway projects.
Financial Transaction Details
The company confirmed the receipt of the final payment for the 51% equity consideration held in NXT Infra MCP. The total consideration for this divestment amounts to approximately ₹339.38 Crore. This amount was fully received on November 05, 2026, the same day the equity shareholding was transferred to NXT-Infra Trust.
Impact on Associate Status
Following this transaction, Welspun Enterprises Limited’s shareholding in NXT Infra MCP has been reduced to Nil. As a direct result, NXT Infra MCP will no longer be considered an associate company of Welspun Enterprises.
Transaction Details
The sale of the stake in NXT Infra MCP was executed as per the agreement dated June 09, 2022. The transaction was completed on November 05, 2026. The buyer of the stake is NXT-Infra Trust, a registered Infrastructure Investment Trust with the Securities and Exchange Board of India. The buyer is not affiliated with the promoter or promoter group of Welspun Enterprises. Furthermore, this transaction is not classified as a related party transaction and was conducted at arm’s length.
The net worth of NXT Infra MCP as at March 31, 2026, was reported at ₹27.94 Crore. The company has confirmed that NXT Infra MCP does not contribute to the turnover, revenue, or income of Welspun Enterprises.
Source: BSE
