Welspun Corp has approved the acquisition of a 2.57% equity stake in its subsidiary, Welspun Mauritius Holdings Limited (WMHL), from Welspun Pipes Inc., USA. The consideration for the deal will not exceed USD 5.962 million. This move aims to streamline the company’s overseas holding structure and consolidate ownership.
Welspun Corp Increases Stake in Subsidiary
Welspun Corp Limited announced it will acquire approximately 2.57% of the equity stake in Welspun Mauritius Holdings Limited (WMHL). The shares are being purchased from Welspun Pipes Inc., USA, which is already a wholly-owned subsidiary of Welspun Corp.
Transaction Details
The board of directors approved the acquisition, with the total consideration not exceeding USD 5.962 million. The deal is subject to customary regulatory approvals.
Strategic Rationale
The primary objective of this acquisition is to streamline Welspun Corp’s overseas holding structure. By making WMHL a direct, wholly-owned subsidiary, the company aims to improve operational efficiency. According to the company, the transaction is not expected to significantly impact the consolidated financials.
WMHL Overview
Welspun Mauritius Holdings Limited is in the investment holding business. Incorporated on June 9, 2008, the company has reported the following total income figures in recent years:
- 2025: Rs 535.15 Crores
- 2024: Rs 159.55 Crores
- 2023: Rs 2.23 Crores
The company is based in Mauritius.
Source: BSE
