Welspun Enterprises has issued equity shares representing 8.76 per cent of its share capital to JP Morgan Chase Bank, which is the depository bank of the GDR holders of Welspun Corp Ltd. Subsequently, the company had completed the issuance of GDRs to GDR holders. The move follows demerger of Welspun Corp Ltd to Welspun Enterprises. Shares of Welspun Enterpries slipped 2.97 per cent to ₹321.20.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.