Welspun Corp Limited has announced that it has invested approximately ₹193 crore in its subsidiary, Welspun Specialty Solutions Limited (WSSL), by subscribing to equity shares through a rights issue.
In an exchange filing dated March 26, 2025, the company confirmed it has subscribed to 7,31,07,443 equity shares of WSSL at a rights issue price of ₹26.40 per share. This follows the board’s earlier approval dated February 5, 2025, to invest up to ₹250 crore in WSSL for the same purpose.
Following this investment, Welspun Corp’s shareholding in WSSL has increased from 50.03% to 51.06%, resulting in a 1.03% rise in its stake post the allotment of shares under the rights issue.
WSSL, a listed company on BSE Limited, is engaged in the manufacturing of alloy and stainless steel products.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.
