Welspun Corp Limited
Authum Investment & Infrastructure decreased its stake in Welspun Corp Limited from 5.31% to 3.47%, selling 48,36,177 shares.
One of the world's largest manufacturers of large diameter pipes, Welspun Corp produces steel billets, TMT rebars, ductile iron pipes, stainless steel pipes, tubes, and bars for diverse industrial applications. The company expanded into building materials through acquiring Sintex-BAPL, a market leader in water tanks and plastic products. It also made a strategic acquisition of specified assets from ABG Shipyard to strengthen its industrial presence.
BSE-listed NBFC (market cap ~Rs 38,000 cr) controlled by Sanjay and Alpana Dangi, with around Rs 15,300 cr deployed across listed and unlisted Indian equities and credit. One of India's most aggressive listed proprietary investment vehicles, with concentrated multi-bagger positions and disclosed stakes in 10+ listed companies.
