Welspun Subsidiaries Transfer 22% Stake in EPIC for ₹2,450 Crore

• Welspun Corp's wholly-owned subsidiaries, WMHL and WPI, completed an intragroup transfer of 22% stake (69.3 lakh equity shares) in East Pipes Integrated Company for Industry (EPIC).
• The transaction was executed on the Tadawul Stock Exchange for an aggregate consideration of SAR 979.9 million (₹2,450 crore).
• EPIC, previously an associate of Welspun Mauritius Holdings Ltd, will now become an associate of Welspun Pipes Inc. following the transfer.
• This internal reorganisation does not alter Welspun Corp's ultimate ownership or affect its operations, financial position, or profitability.
• Welspun Corp aims to surpass its full-year earnings guidance, with an EBITDA of around ₹2,500 crore looking achievable for FY26.