Welspun Corp Ltd receives possession of moveable properties of ABG Shipyard Ltd

Welspun Corp Limited has received the possession of moveable properties (partially built obsolete ships, metal and scrap) from the Liquidator of ABG Shipyard Limited ("Liquidator"). Further, the Company's wholly owned subsidiary i.e. Nauyaan Shipyard Private Limited ("Nauyaan") has received the possession of immovable property at Dahej, Gujarat from the Liquidator. As regards the leasehold lands at Dahej Gujarat, the Liquidator (along with Nauyaan) are in the process of taking necessary steps with Gujarat Industrial Development Corporation and Gujarat Maritime Board for completion of substitution / transfer formalities.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 242.40 as compared to the previous close of Rs. 246.65. The total number of shares traded during the day was 28443 in over 1093 trades.

The stock hit an intraday high of Rs. 247.40 and intraday low of 241.15. The net turnover during the day was Rs. 6936628.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 WELCORP MoveableAssets ABGShipyard Liquidator