The Welspun Group has interests in textiles, line pipes, flooring solutions, warehousing, roads, and oil and gas, and is laying out an expansion strategy for each of its businesses. The group is focusing on four major segments with an aim to build a robust business in each segment.
Foreign institutional investors (FII) sold shares worth Rs 1,901.10 crore, whereas domestic institutional investors (DII) purchased Rs 626.25 crore worth of stocks on August 21, provisional data from the National Stock Exchange (NSE) showed.
Indian shares set to open flat on concerns around China economy, US rates reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Welspun Enterprises acquired the stake from the existing shareholders for Rs 137.07 crore. MEPL will now become a subsidiary of Welspun Enterprises and enables the company s expansion into the promising water and tunnelling solutions segment in India.