Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Welspun Corp Limited to list Welspun Middle East Pipes in local stock exchange

Posted On: 2020-08-06 06:08:20


The Board of Directors of Welspun Corp Limited at its meeting held on August 6, 2020 has given its approval for listing of its joint venture Company viz. WMEPL at the local Stock Exchange, subject to the approval of shareholders of the Company.

The process of Listing would involve divestment of 15% (at maximum) of the total issued shares of WMEPL, held by Welspun Corp Ltd through its overseas subsidiary, at a pro-rata consideration exceeding US$30 million, along with proportionate shares to be divested by the local partners.

Post the proposed listing, the shareholding of the Company in WMEPL would not fall below 35% from its existing shareholding of 50.01%.

Shares of Welspun Corp Limited was last trading in BSE at Rs.100.2 as compared to the previous close of Rs. 100.5. The total number of shares traded during the day was 230279 in over 2312 trades.

The stock hit an intraday high of Rs. 101.35 and intraday low of 97.5. The net turnover during the day was Rs. 22882544.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Vedanta Ltd board to announce Q1 results on Oct 3, 2020

SBI announces celebratory delights for retail customers

IRCON supported the promotion of culture and heritage by carrying out beautification work on the walls of Bengaluru Railway Station

Chembond Water receives 2020 Best Practices Award from Frost & Sullivan

Symphony introduces world's 1st 'Universal packaged air coolers' for industrial and commercial application

Central Bank of India raises Rs. 254.99 crore through QIP

Refex Industries Ltd to invest in units of RKG Fund - I

Endurance Technologies Ltd board to approve Q2, H1 FY2021 results on Nov 10, 2020

Western Union International Money Transfer Services now available at Alankit Forex India Ltd

Cosmo Films Launches BOPP-Fragranced Packaging Film

India Grid Trust completes acquisition of Jhajjar KT Transco Private Limited

Dhunseri Tea & Industries Ltd enters into MoU for sale of Khetojan Tea Estate

Anuh Pharma Ltd receives approval from WHO for Pyrimcthamine API

Dr Lalchandani Labs Ltd announces increase in capacity for Covid-19 RT-PCR testing

SBI announcement of processing fees waiver on Home Loan

EdgeVerve and Minit Partner to Deliver Actionable Process Intelligence

TCS Wins Four Stevie® Awards at the 2020 International Business Awards

SJVN Limited gets investment approval of 210 MW Luhri HEP and 66 MW Dhaulasidh HEP in Himachal Pradesh

TV Today Network Ltd board to consider Q2, H1 FY2020-21 results on Nov 6, 2020

Pre book with Tanishq and secure your gold rate today

NELCAST Ltd completes Phase II of iron casting project at Pedapariya in Andhra Pradesh

Infosys and Roland-Garros Empower Players, Fans and Media with New Digital Innovations on Court and at Home

Lupin launches Fosaprepitant for Injection

AXIS Bank Ltd board to consider Q2FY21 results on Oct 28, 2020

Ratnamani Metals & Tubes Ltd receives domestic order of Rs. 216 crores in Carbon Steel Division

Gulf Oil Lubricants India Limited announces strategic lubricants partnership with S-Oil Corporation of South Korea

ICRA downgrades rating of TajGVK Hotels & Resorts Limited

ICRA reaffirms rating of NGL Fine-Chem Ltd

TCS iON Opens its National Qualifier Test to All Corporates

Hexaware Becomes a Microsoft Azure Expert Managed Service Provider (MSP) and Earns Advanced Certification for Data Warehouse Migration to Azure

Lupin Launches Atorvastatin Calcium Tablets USP

GlaxoSmithKline Pharmaceuticals Ltd board to announce Q2 results on Oct 28, 2020

IndiGo to shift flights with series 2000 (6E2000-6E2999) from Terminal 3 to Terminal 2 of IGI Airport

Gateway Distriparks Ltd announces change in KMP

Thomas Cook India and SOTC announce the launch of a unique Customer Loyalty Program - Priority

Gateway Distriparks Limited board approves interim dividend of Rs. 2 for FY2020-21

L&T Technology Services Selected to Support Tenneco DRiV™ Ride Performance Division

Surya Roshni Ltd bags orders of Rs. 272.86 crore

RBI approves appointment of interim committee to govern Lakshmi Vikas Bank Limited

Dr. Reddy's Laboratories Ltd board to consider Q2, H1FY21 results on Oct 28, 2020

Lakshmi Vilas Bank clarifies on governance of the bank

Mukand Ltd executes term loan agreement for availing unsecured term loan

Reliance Power appoints Shri Bimal Julka, Shri Vijay Kumar Sharma and Smt. Chhaya Virani as Independent Directors

CARE downgrades rating of CMI Ltd to default grade

Deepak Fertilisers board to consider allotment of 2nd tranche of FCCBs on Sep 30, 2020

CEAT signs Aamir Khan as brand ambassador

Dr. Reddy's Laboratories launches Dimethyl Fumarate Delayed-Release Capsules in the U.S. Market

Narayana Hrudayalaya Ltd's subsidiary registers branch in St. Lucia

Indoco launches FEVINDO 400 - Favipiravir 400mg Tablets

Tata Steel acquires 34,92,500 Equity Shares of Tata Metaliks Ltd on conversion of warrants







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019