Welspun Corp Limited

IncreasedBlock Deal

WELCORPIron & Steel ProductsMarket Cap₹70K Cr

Value

₹2.93 Cr

12,870

Price

₹2,275.3

American Funds (Capital Group)

Foreign Investor

The move

American Funds bought 12,870 shares of Welspun Corp Limited for ₹2.93 Cr at ₹2275.30 apiece in a block deal.

About Welspun Corp Limited

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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.

About American Funds (Capital Group)

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

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