Welspun Corp Transfers EPIC Stake Between Subsidiaries; Shares Rise Over 3%

Welspun Corp Limited has completed an intra-group transaction involving the transfer of its stake in East Pipes Integrated Company for Industry (EPIC). 

The move is part of an internal restructuring exercise and does not alter the company’s overall ownership structure. Following the announcement, the company’s shares recorded gains during the trading session on 25 March 2026.

Intragroup Transfer of EPIC Stake

Welspun Corp Limited announced that its wholly owned subsidiaries, Welspun Mauritius Holdings Limited and Welspun Pipes Inc, have completed the transfer of 69,30,000 equity shares, representing a 22% stake in East Pipes Integrated Company for Industry.

The transaction was executed for a total consideration of approximately SAR 979.90 million and completed on the Tadawul Stock Exchange, where EPIC is listed.

Change in Associate Structure

Following the completion of the transaction, EPIC will no longer be an associate of Welspun Mauritius Holdings Limited. Instead, it will now be classified as an associate company of Welspun Pipes Inc.

The transfer remains within the group, as both entities involved are wholly owned subsidiaries of Welspun Corp Limited.

Purpose and Impact of the Transaction

The company stated that the transaction is part of an internal reorganisation exercise. As it is an intra-group transfer, there is no change in the ultimate ownership of the asset.

Additionally, the company indicated that the transaction is not expected to have any material impact on its operations, financial position or profitability. The deal has been conducted on an arm’s length basis in line with regulatory requirements.

Overview of EPIC’s Business

East Pipes Integrated Company for Industry operates in the manufacturing of pipes, tubes and hollow steel products. The company is based in the Kingdom of Saudi Arabia and has reported steady revenue growth in recent years.

Its total income stood at approximately SAR 1,832.85 million in FY2025, compared to SAR 1,543.17 million in FY2024 and SAR 1,438.65 million in FY2023.

Welspun Corp Share Price Performance

Shares of Welspun Corp Limited moved higher on 25 March 2026. The stock was trading at ₹831.20, up ₹29.00 or 3.62% compared to the previous close of ₹802.20. 

It opened at ₹815.00 and touched an intraday high of ₹835.00, while the low stood at ₹806.00. The movement indicates a measured positive response from market participants.

Read More: PNGRB Directs Faster PNG Connections to Institutions Amid Supply Monitoring.

Conclusion

The transfer of EPIC stake between Welspun Corp’s subsidiaries reflects an internal restructuring step without altering overall ownership. While the transaction does not materially impact the company’s financials, it indicates ongoing alignment within its international business structure.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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