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    Welspun Corp Acquires Sintex BAPL’s senior secured unlisted non-convertible debentures

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    Welspun Corp Acquires Sintex BAPL’s senior secured unlisted non-convertible debentures

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    Welspun Corp is in focus after it has acquired Sintex BAPL’s senior secured unlisted non-convertible debentures. These NCDs worth about Rs 1,129 crore have been acquired by Welspun Corp for a consideration of Rs 387 crore.

    Welspun Corp is in focus after it has acquired Sintex BAPL’s senior secured unlisted non-convertible debentures.
    These NCDs worth about Rs 1,129 crore have been acquired by Welspun Corp for a consideration of Rs 387 crore.
    These NCDs were bought from the lenders of Sintex BAPL. The fact that this acquisition has been made at a significant discount is the reason why we are seeing strength in Welspun Corp.
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