Welspun Corp soars on getting nod to raise Rs 500 crore on private placement basis
Welspun Corp is currently trading at Rs. 869.55, up by 55.70 points or 6.84% from its previous closing of Rs. 813.85 on the BSE.
The scrip opened at Rs. 833.00 and has touched a high and low of Rs. 879.00 and Rs. 822.05 respectively. So far 131226 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 900.00 on 24-Mar-2025 and a 52 week low of Rs. 441.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 879.00 and Rs. 758.50 respectively. The current market cap of the company is Rs. 21981.66 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 26.48% and 23.51% respectively.
Welspun Corp has received approval for the raising of funds by way of issuance of Commercial Papers (CPs)/ Non-Convertible Debentures (NCDs) upto an amount not exceeding Rs 500 crore on private placement basis. The company has traditionally used this for raising CPs/ NCDs for routine working capital requirements. The Board of Directors of the company at its meeting held on May 28, 2025, inter?alia, considered and approved the same.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
