Welspun, part of the Welspun Group, launched and successfully placed Qualified Institutional Placements (QIP) of equity shares for an amount of Rs 156.03 crore.
The funds will be utilised for capital expenditure, investments in growth opportunities and other usage in accordance with applicable statutory and/or regulatory requirements. The shares being issued under QIP will be listed on the Bombay Stock exchange and National Stock Exchange. Motilal Oswal Securities Ltd has acted as the sole book-runner for the QIP.
