Welspun Corp Limited

American Funds (Capital Group) bought 41,391 shares of Welspun Corp Limited for ₹9.42 Cr at ₹2275.30 apiece in a block deal. On the same day, Welspun Corp also saw a larger block deal where 63 lakh shares, representing 2.4% of the company's equity, were traded for ₹1,433.44 crore at ₹2,275.30 per share, with the promoter group and CEO as likely sellers.

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.

India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.