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Welspun Corp shares drop 6% after CEO, promoter group likely sell stake worth Rs 1,433 crore via block deal
Welspun Corp shares fell sharply on Wednesday after 63 lakh shares worth Rs 1,433 crore changed hands in a block deal. Promoter group entity Welspun Investments and Commercials and CEO Vipul Mathur were likely sellers. The transaction represented about 2.4% of the companys outstanding shares and came after a sharp rally.
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economictimes.indiatimes.com
Welspun Corp promoter group, CEO to sell up to Rs 1,417 crore stake via block deal
Welspun Corps promoter group entity and CEO Vipul Mathur plan to sell up to 63 lakh shares worth Rs 1,417.5 crore through a block deal. The transaction represents 2.4% of…
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thehindubusinessline.com
Welspun Corp promoters launch ₹1,417 crore block deal at 4% discount
Welspun Corp promoters plan a ₹1,417 crore block deal at a 4% discount, divesting 2.4% of equity.
