Stake-sale may boost Welspun Enterprises

The stock of Welspun Enterprises will remain in focus, as the company has completed the transaction for sale of balance 13 per cent stake in Dewas Bhopal Road Corridor Pvt Ltd (DBCL) with India Infrastructure Fund-II. The company has received ₹57.7 crore for the stake-sale. With this, the company has completely divested its 50 per cent stake in DBCL for a total consideration of ₹184.10 crore against its fund infusion of ₹85.40 crore, netting a return of 2.15 times.