Welspun Corp Share Price in Focus On Acquisition of Additional 51% Stake in Welspun Captive Power Generation

Welspun Corp Ltd. has approved the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL) from promoter group entity Welspun Living Limited for ₹67.66 crore. Following the transaction, WCPGL will become a subsidiary of Welspun Corp.  

Acquisition to Raise Stake to 74% 

The company will acquire 1,50,64,213 equity shares of face value ₹10 each in WCPGL. Upon completion of the transaction, Welspun Corp's aggregate shareholding, together with its subsidiaries, will increase from 23% to 74%, resulting in WCPGL becoming its subsidiary.  

Deal Subject to Regulatory Approvals 

The acquisition is subject to the execution of definitive transaction documents and receipt of applicable statutory, regulatory and other approvals. The proposal was approved by the Board of Directors at its meeting held on July 24, 2026.  

Transaction Involves Promoter Group Entity 

The stake is being acquired from Welspun Living Limited, a promoter group company. Welspun Corp disclosed the transaction under the SEBI Listing Regulations as part of the outcome of its Board meeting.  

Read More: Mphasis Q1 FY27 Results: Net Profit Rises 11% to ₹490 Crore; Revenue Grows 17%! 

Share Price Performance 

As of July 24 2026, Welspun Corp share price closed at ₹1,596.90 per share, reflecting a decline of 0.99% from the previous trading session. 

Conclusion 

Welspun Corp has approved the acquisition of an additional 51% stake in Welspun Captive Power Generation Limited for ₹67.66 crore. After completion of the transaction, the company's aggregate holding in WCPGL will increase to 74%, making it a subsidiary.  

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