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BSE SENSEX
74,339.44
+486.50
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Corporate Announcement
Security Code
532144
Company
Welspun Corp Ltd
Exchange Received Time
14/01/2019 17:02:08
Exchange Disseminated Time
14/01/2019 17:02:16
Time Taken
00:00:08
Acquisition Of Shares Of The Company By Promoters |
1/14/2019 5:02:09 PM
Queries are being raised by the investor community seeking clarification about sale of shares of Welspun Corp Limited ('WCL') by the Promoters of WCL.
In this regard, we wish to put on record that Intech Metals SA, has applied to be a 'Public' shareholder in August 2018 and shareholders' approval to this effect is being obtained. As per the disclosure received from Intech Metals SA, they have sold 289,150 i.e. 0.11% shares of the total share capital of the Company during the last 3 weeks.
It may also be noted that MGN Agro Properties Pvt. Ltd., a company controlled by Mr. B.K. Goenka, Chairman, Welspun Corp Limited, has acquired 915,000 (0.34%) shares in the last 7 days. With this, in Financial Year 2018-19, the Promoter Group has acquired 0.83% against the 5% limit available with them.
Kindly take the document on record.
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