Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Welspun Corp sells 4.5% EPIC stake for ₹650 crore
short by / on Wednesday, 10 June, 2026
Welspun Corp divested a 4.5% stake in Saudi Arabia-based East Pipes Integrated Company (EPIC) for SAR 283.46 million (USD 75.59 million) through negotiated trades on the Tadawul Stock Exchange. Following the transaction, the company will continue to hold a 22% stake in EPIC. EPIC reported FY26 revenue of SAR 2,298 million and profit before tax of SAR 621 million.