Welspun Corp shares drop 6% after CEO, promoter group likely sell stake worth Rs 1,433 crore via block deal
Welspun Corp shares fell sharply on Wednesday after 63 lakh shares worth Rs 1,433 crore changed hands in a block deal.
Promoter group entity Welspun Investments and Commercials and CEO Vipul Mathur were likely sellers.
The transaction represented about 2.4% of the company’s outstanding shares and came after a sharp rally.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.