Welspun Corp promoters launch ₹1,417 crore block deal at 4% discount
The floor price for the transaction has been set at ₹2,250 per share, implying a discount of about 4.1% to the company’s NSE closing price of ₹2,345.5 on August 25
Welspun Corp's promoter group, including Managing Director and CEO Vipul Mathur, is planning a significant block deal to sell up to 6.3 million shares on Indian stock exchanges. The transaction, which could generate up to ₹1,417 crore ($149 million), would represent approximately 2.4% of the company's total outstanding equity. The shares are being offered at a floor price of ₹2,250 each, a 4.1% discount to Welspun Corp's closing price on the National Stock Exchange (NSE) of ₹2,345.50 on August 25, 2026.
The deal is anticipated to be completed via the stock exchange's block trade mechanism on August 26.
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