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Welspun Corp Ltd receives possession of moveable properties of ABG Shipyard Ltd

Welspun Corp Limited has received the possession of moveable properties i.e., partially built obsolete ships, metal and scrap from the Liquidator of ABG Shipyard Limited. ....

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Welspun Corp Limited updates on purchase of assets of ABG Shipyard

Pursuant to Hon ble Gujarat High Court order, Welspun Corp Ltd will resume the process of complete takeover of the specified assets from the Liquidator of ABG Shipyard Limited in consultation with its legal advisors. ....

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Welspun wins bid for ABG Shipyard

ABG is under Insolvency & Bankruptcy code process. Welspun s bid was of Rs 659 crore. ....

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Welspun completes acquisition of Nauyaan Shipyard; stock spurts ~4%

This is in furtherance of the company’s announcement dated June 28, 2021, wherein the company stated that it was always evaluating relevant prospects for both organic and inorganic expansions. ....

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