Welspun Enterprises to Divest Entire 15.49 Percent Stake in Welspun Energy
December 27, 2016
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Welspun Enterprises, an infrastructure company, has announced that it is going to divest its entire 15.49 percent stake in Welspun Energy, an independent power company. The Board of Directors has, subject to the approval of the members of the company, approved the sale of its entire investment of 60,493,342 equity shares representing 15.49 percent in the paid up equity share capital of Welspun Energy, according to a company filing on the Bombay Stock Exchange.