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Welspun Mauritius sells 5% in Saudi arm for Rs.480-Cr

Economic Times  

Welspun Mauritius Holdings Ltd (WMHL) has divested a 5% equity stake in East Pipes Integrated Company for Industry (EPIC) for 218.9 million Saudi Riyal (about INR 480 crore). EPIC is a step-down listed associate of Welspun Corp in the Kingdom of Saudi Arabia (KSA). WMHL's stake in EPIC has gone down to 26.5 %. However, WMHL will still remain the single largest shareholder in the company.