Welspun Corp Limited to liquidate specified assets at Dahej Shipyard for approx. Rs. 80 crore

Welspun Corp Limited has entered into an agreement on September 18, 2023 with a reputed party (the "Buyer") for liquidation of a part of specified assets lying at Dahej Shipyard of the Company for a consideration of approx. Rs. 80 Crore.

These assets are being sold on an "as is" basis and all the material would be lifted within this Financial Year.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 395.65 as compared to the previous close of Rs. 396.85. The total number of shares traded during the day was 70948 in over 2222 trades.

The stock hit an intraday high of Rs. 403.50 and intraday low of 392.50. The net turnover during the day was Rs. 28206256.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 Agreement AssetSale DahejShipyard