Under scheme of arrangement
Welspun Enterprises announced that under the Scheme of Arrangement approved by the High Court of Gujarat in January 2014 leading to the Demerger of Welspun Corp to Welspun Enterprise, the Company had issued equity shares representing 8.76% of its share capital to JP Morgan Chase Bank, NA, which is the depository bank on behalf of the GDR holders of Welspun Corp. Subsequently, the Company had completed the issuance of the GDRs to GDR holders.Powered by Capital Market - Live News