Promoters acquire further stake in Welspun Corp Ltd

On June 04, 2014, Welspun Infra Developers Limited and Welspun Fintrade Private Limited being part of Welspun Promoter Group have acquired the entire equity shareholding held by MULHEIM PIPECOATINGS GmbH (a Co-promoter) in Welspun Corp Limited, constituting 3.124% equity shareholding in Welspun Corp Limited, at a per share price of Rs. 85.25 per equity share, by way of a block deal on the designated trading window of the Bombay Stock Exchange.

Shares of Welspun Corp Limited was last trading in BSE at Rs.98 as compared to the previous close of Rs. 86.1. The total number of shares traded during the day was 10026266 in over 25214 trades.

The stock hit an intraday high of Rs. 100.4 and intraday low of 85.25. The net turnover during the day was Rs. 873719924.

Source : Equity Bulls

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