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WEL completes Rs 286 cr stake sale in Welspun Energy

WEL completes Rs 286 cr stake sale in Welspun Energy

Thursday, March 9, 2017, 11:21 AM

Welspun Enterprises Ltd said it has completed the sale of its 15.4 percent stake in Welspun Energy for around Rs 286 crore. This deal is another step in the company's business re-organisation efforts in order to create value for its stakeholders by enhancing focus on core businesses, It will further improve WEL's balance sheet and cash reserve, setting a stronger platform for future growth.
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