The shares of the company dropped more than 6% after the block deal to Rs 2,203.70 apiece on Wednesday morning.Welspun Investments and Commercials, part of the promoter group, was set to sell up to 60 lakh shares, while Vipul Mathur, managing director and CEO of Welspun Corp, was set to sell up to 3 lakh shares, according to deal terms seen by ET Markets.The stake that changed hands in the block deal represents about 2.4% of Welspun Corp’s existing outstanding shares.
The transaction was fully secondary, which means the company will not receive any proceeds from the sale.
IIFL Capital Services is the sole broker and placement agent for the transaction.Also read | Welspun Corp promoter group, CEO to sell up to Rs 1,417 crore stake via block dealThe block deal comes after a sharp run-up in Welspun Corp shares, which are up over 40% in just one month.
The multibagger stock of 2026 has been one of the stronger performers in the industrial and pipe manufacturing space, helped by order visibility, energy infrastructure demand and investor interest in capital goods-linked themes.
Promoter or management stake sales are closely watched closely by the market as they can affect near-term sentiment.Welspun Corp share priceWelspun Corp shares have gained over 13% in a week and 180% in 2026 so far, delivering sharp returns for its shareholders.
