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.
Authum Investment & Infrastructure Ltd (AII) divested a 36.05 per cent stake in Michigan Engineers to Welspun Enterprises for Rs 98.63 crore. Sansaar Housing Finance Ltd (SHF) also divested its remaining 14.05 per cent stake in MEPL to WEL for Rs 38.44 crore. Get more Stocks News and Business News on Zee Business.
Welspun Enterprise drops after Q4 PAT slumps 54% YoY business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.