Archive · 26 Aug 2026
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.
Welspun Corp Ltd and Billionbrains Garage Ventures Ltd, known as Groww, are expected to see combined block deals worth Rs 3,322 crore.
Welspun Corp promoter Vipul Mathur plans to sell 3 lakh shares.
Welspun Investments And Commercials Ltd may sell 60 lakh Welspun Corp shares.
The proposed sale of 63 lakh Welspun Corp shares represents 2.4% of its outstanding shares.
The Welspun Corp deal has a Rs 2,250 floor price and is valued at Rs 1,417.50 crore.
- Who
- Welspun Corp Ltd, Billionbrains Garage Ventures Ltd (Groww), Vipul Mathur, and Welspun Investments And Commercials Ltd.
- What
- Proposed block deals involving shares worth a combined Rs 3,322 crore; the Welspun Corp portion is valued at Rs 1,417.50 crore.
- When
- Today, according to the article.
- Why
- The article says promoter sellers plan to sell shares; it does not provide a broader reason for the transactions.
- 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.