Welspun India surge on subsidiaries’ listing buzz

MUMBAI: Shares of Welspun India was up nearly 5 per cent amid reports that the company would list two spun-off entities on the national stock exchanges within a month.

The listing would enhance Welspun India's sum-of-the-parts valuation, a model which values a company by determining what its divisions would be worth if it was broken up and spun off, according to marketmen.

Welspun had spun off its marketing and investment divisions last September into two companies -- Welspun Global Brands and Welspun Investments -- to streamline operations.

At 12:45 pm, the company���s shares were up 4.93 per cent at Rs 25.55 on the BSE.