1 week ago

Welspun Corp, Groww Set for Rs 3,322 Crore Block Deals

Two companies are expected to have large packages of shares traded today.

They are Welspun Corp and Groww’s parent company, Billionbrains Garage Ventures.

Together, the trades are expected to be worth Rs 3,322 crore.

For Welspun Corp, two promoter sellers plan to sell shares.

Vipul Mathur plans to sell 3 lakh shares.

Welspun Investments And Commercials Ltd may sell 60 lakh shares.

Altogether, those 63 lakh shares equal 2.4% of Welspun Corp.

The shares are being offered at Rs 2,250 each, below the previous closing price of Rs 2,345.50.

Key facts

Combined deal value: Rs 3,322 crore for Welspun Corp and Billionbrains Garage Ventures Ltd (Groww).
Welspun Corp deal value: Rs 1,417.50 crore.
Shares offered: 63 lakh Welspun Corp shares.
Shareholding represented: 2.4% of Welspun Corp’s total outstanding shares.
Floor price: Rs 2,250 per share.
Previous closing price: Rs 2,345.50 on NSE.
Placement agent: IIFL Capital Services is the sole placement agent.

businesstoday.in · 1 week ago