Welspun Enterprises Limited has completed the divestment of its remaining 51% equity stake in NXT - Infra MCP Highways Private Limited, an associate company, to NXT-Infra Trust. The transaction was executed today, November 5, 2026.
Transaction Details
- Agreement Date: June 9, 2022 (Securities Subscription and Purchase Agreement)
- Completion Date: November 5, 2026
- Consideration Received: Approximately ₹339.38 crore
- Stake Divested: 51% equity holding (balance stake)
- Buyer: NXT-Infra Trust, a registered Infrastructure Investment Trust with SEBI registration number IN/INVIT/23-24/00028
Financial Impact
- The company's proportionate share in the net worth of NXT Infra MCP as of March 31, 2026 was ₹27.94 crore
- NXT Infra MCP did not contribute to the turnover/revenue/income of Welspun Enterprises Limited
Corporate Structure Impact
- Post-transaction, Welspun Enterprises' shareholding in NXT Infra MCP stands reduced to Nil
- NXT Infra MCP ceases to be an associate company of Welspun Enterprises Limited
Buyer Information
- NXT-Infra Trust is not related to the promoter/promoter group/group companies of Welspun Enterprises Limited
- The transaction was conducted at arm's length
Additional Information
- This transaction follows earlier intimations dated June 9, 2022 and December 22, 2022
- The divestment represents the final tranche of the exit from operational Highway Projects portfolio to Actis