Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Divestment of investment in subsidiary company
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board of Directors has approved the divestment of up to 67,58,000 equity shares held by the Company in Welspun Corp Limited.
The floor price for the divestment is set at INR 2,250 per equity share.
Other Significant Information:
The Company shall make further disclosures and provide details upon completion of the sale.