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WELSPUN GROUP BOARD
Welspun India to invest Rs 800 crore on capacity enhancement over next two yearsThe board of the company in a meeting held on Saturday approved plans to augment towel manufacturing capacity at its Anjar, Kutch (Gujarat)...- NCLT admits insolvency petition against textile company Sintex IndustriesSintex is the largest debtor taken to the NCLT since the one year moratorium on filing fresh cases ended in March. Lenders tried to complet...
- Welspun Group announces initiative to provide equal opportunity for its female staffThrough the programme, Welspun aims to support 'a network of women, for women and by women' while also undertaking an upskilling program fo...
- Laptev Finance gets CCI nod to acquire Welspun's plates and coils bizIn a combination notice, CCI said "Welspun Corp Ltd and Laptev entered into a business transfer agreement on 31 March 2019, wherein Welspun...
- Welspun Corp board to meet next week to consider share buybackWelspun Corp is among the largest welded line pipe manufacturing companies in the world.
- Welspun Corp to sell assets worth Rs 940 croreThe company has signed agreement with Laptev Finance to sell its plates and coils mill division for Rs 848.5 crore.
- Meet Tata Power's 'fiercely independent director' who defended Cyrus MistryNawshir Mirza, the 69-year-old independent director on Tata Power board, had defended the firm’s buyout of Welspun’s renewables biz against...
- Tata Sons may put Welspun deal under lens due to concerns over corporate governanceThe 2016 acquisition was a key point of friction between former Tata Sons chairman Cyrus Mistry and its largest shareholder Tata Trusts.
- Don’t know what’s controversial about Welspun deal: Balkrishan GoenkaTata Power’s purchase of Welspun helped it become second largest producer of renewable energy in India, aiding expand swiftly in a sector t...
- Welspun Enterprises to divest 15.49 per cent in Welspun EnergyPost sale of its renewable business, WEL's 15.49 per cent minority stake in Welspun Energy does not contribute to the consolidated results ...
- 'Tata Power Board endorsed Cyrus Mistry's proposal to buy Welspun'Mistry had refuted these allegations by pointing out that a note on the deal was circulated among all board members of Tata Sons including ...
- Cyrus Mistry counters Tata Group's claim on Welspun buyTata sources said the trustees of Tata Trusts were not kept informed about the transaction with Welspun Power," Mistry said.
- Succession Planning: Welspun Group to hive off yarn-spinning business for next generationMandawewala, the group managing director, is in the process of purchasing partner and chairman BK Goenka's stake in Welspun Syntex, they sa...
- BK Goenka of Welspun to give up operational role, take up a strategic roleThe $3-billion group has hired global consultant McKinsey to craft a ‘Vision 2020’ and build a new organisational DNA for the group.
- Welspun to focus on pipe & plates biz; demerge other unitsWelspun Corp today said it has decided to solely focus on pipe and plates business and all its other units will be demerged into a separate...
- Welspun group to dissolve Welspun Global BrandsWelspun Global Brands said its board of directors have approved merger of the company with another group firm Welspun India Ltd.
- Apollo Global to buy stakes in Welspun CompaniesApollo Global will invest Rs 2,250 crore to buy equity stakes in two Welspun Group companies and will guide Welspun to own iron ore mines t...
- Apollo to invest Rs 2,250 crore in Welspun GroupB K Goenka-owned Welspun on Wednesday said private equity firm Apollo will invest Rs 2,250 crore in its group firms.
- Apollo, Citi PE funds may buy 25% in Welspun MaxsteelApollo Management and Citi Venture Capital are in negotiations to pick up an equity stake of about 25% in Mumbai-based Welspun group’s unli...
- Welspun Gujarat stalls Rs 5k-cr expansionWelspun Gujarat Stahl Rohren is learnt to have deferred a Rs 5,000-crore backward integration plan due to weak macro-economic conditions.
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