Welspun Investments

Welspun Investments and Commercials approved up to ₹1,285 crore of funding for its wholly owned subsidiary, Vishwakarma Realty, through 75 crore compulsorily convertible debentures and 53.5 crore optionally convertible debentures. Vishwakarma Realty was authorised to invest up to ₹1,000 crore in promoter-group company Indivara Realty through optionally convertible debentures, subject to approval by Welspun Investments’ members. Welspun Investments had acquired Vishwakarma Realty for ₹4.62 lakh on September 1; the subsidiary had no turnover and had not begun operations. The company had sold 60 lakh Welspun Corp shares for ₹1,365.18 crore in August, and more than 90% of its revenue came from dividends.

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Sept 3 (Reuters) - Welspun Investments and Commercials Ltd WICL.NS:

• APPROVES INFUSION OF UP TO 12.85 BILLION RUPEES IN VISHWAKARMA REALTY

• APPROVES INFUSION OF UP TO 10 BILLION RUPEES INTO INDIVARA REALTY

Further company coverage: WICL.NS

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Welspun Investments and Commercials approved the divestment of up to 67.58 lakh equity shares in Welspun Corp at a floor price of ₹2,250 per share. At that floor price, the proposed sale represented a potential value of about ₹1,520.55 crore. Welspun Investments was a core investment company, with about 95% of its assets held in group equities, mainly Welspun Corp and Welspun Enterprises. Dividend income accounted for more than 90% of revenue and stood at roughly ₹480 lakh in FY26.

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Aug 25 (Reuters) - Welspun Investments and Commercials Ltd WICL.NS:

• WELSPUN INVESTMENTS: DIVESTMENT OF UPTO 6.8 MILLION SHARES IN WELSPUN CORP AT 2,250 RUPEESPER SHARE FLOOR PRICE

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Further company coverage: WICL.NS