Welspun Corp Boosts Welspun Specialty Stake for ₹108.96 Cr; Q2 Profit Soars 53%

• Welspun Corp acquired an additional 4.11% stake in its subsidiary Welspun Specialty Solutions Ltd (WSSL).
• The acquisition involved 2.72 crore equity shares from the existing promoter group for ₹108.96 crore.
• Welspun Corp's stake in WSSL increased from 51.06% to 55.17% post-transaction.
• The overall promoter and promoter group holding in WSSL remains unchanged.
• Welspun Corp reported a 53.2% rise in Q2 net profit to ₹439 crore, with revenue up 32.5% to ₹4,373 crore.

Why It Matters: Welspun Corp strengthens WSSL ownership and reports robust Q2 financial performance.