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Welspun Corp shines on incorporating wholly owned subsidiary

The company has incorporated wholly owned subsidiary in Dubai Multi Commodities Centre

Welspun Corp is currently trading at Rs. 821.95, up by 24.90 points or 3.12% from its previous closing of Rs. 797.05 on the BSE.

The scrip opened at Rs. 800.05 and has touched a high and low of Rs. 830.45 and Rs. 800.05 respectively. So far 22849 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 994.60 on 10-Jun-2025 and a 52 week low of Rs. 665.70 on 03-Mar-2025.

Last one week high and low of the scrip stood at Rs. 830.45 and Rs. 770.45 respectively. The current market cap of the company is Rs. 21650.62 crore.

The promoters holding in the company stood at 49.73%, while Institutions and Non-Institutions held 25.85% and 24.43% respectively. 

Welspun Corp has incorporated wholly owned subsidiary in the name of ‘Welspun International FZCO’ (WIFZCO) in Dubai Multi Commodities Centre (DMCC), UAE. WIFZCO will handle global marketing for all its products and also carry out the business of trading of any of the products and raw materials in which the parent company and it’s subsidiaries transacts.

The Company has subscribed to the share capital of WIFZCO amounting to AED 1,000,000 divided into 1000 shares of AED 1000 each.

Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.