Welspun Corp has increased its equity shareholding in Welspun Specialty Solutions Limited (WSSL) to 55.17% through a block deal acquisition. The acquisition involved 2,72,39,744 equity shares (4.11%) from the existing Promoter Group for approximately ₹108.96 crores. The transaction, completed on December 22, 2025, keeps the aggregate holding of Promoter and Promoter Group the same.
Acquisition Details
Welspun Corp Limited announced on December 22, 2025, the completion of a block deal to increase its stake in Welspun Specialty Solutions Limited (WSSL). The company acquired 2,72,39,744 equity shares, representing 4.11% of WSSL’s equity, from the existing Promoter Group, which includes MGN Agro Properties Private Limited and Welspun Group Master Trust.
Financial Implications
The aggregate consideration for the acquisition was approximately ₹108.96 crores. Following this transaction, Welspun Corp’s equity shareholding in WSSL has risen from 51.06% to 55.17%.
Promoter Group Holdings
The announcement clarifies that the aggregate holding of the Promoter and Promoter Group remains unchanged before and after the transaction. The transaction signifies a strategic move by Welspun Corp to consolidate its position in its subsidiary, WSSL.
Source: BSE