Welspun Enterprises Sells 19% Stake in Welassure Private Limited

Welspun Enterprises Limited has announced the sale of a 19% equity stake in Welassure Private Limited to Rakshak Securitas Private Limited. The decision was approved during the company’s board meeting held on February 3, 2025, marking a strategic move in its financial operations.

Transaction Details and Financials

The sale involves 1,900 equity shares valued at ₹10 each, amounting to a total transaction of approximately ₹0.95 crore. The agreement for the sale is yet to be formalised, with the completion of the transaction expected by 31st March 2025. 

The deal does not involve any related-party transactions, and Welassure Private Limited is neither an associate nor a subsidiary of Welspun Enterprises.

Implications and Compliance

The sale aligns with the regulatory requirements of SEBI’s Listing Obligations and Disclosure Regulations (LODR). Since the transaction falls outside any Scheme of Arrangement, compliance with Regulation 37A of LODR is not applicable. Furthermore, the details of the sale have been made publicly available on the company’s website as per the disclosure norms.

Welspun Share Performance

As of February 03, 2025, at 3:10 PM, the shares of Welspun Living Ltd are trading at ₹131.30 per share, reflecting a decline of 0.58% from its previous day’s closing price. The stock has experienced notable fluctuations over the recent months, with a sharp decline of 15.96%. The stock has a 52-week high and low of ₹212.95 and ₹122.65 per share respectively.

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