Welspun Corp to sell its land and building at Dahej unit.

Welspun Corp has entered into a Memorandum of Agreement with Laxmi Organic Industries on 30 September 2022 for sale of land, civil structures, excluding plant & machinery, situated at Dahej unit of the Company in the state of Gujarat for a consideration of Rs. 130 crore.

The said unit comprises of insignificant portion of the operations of the Company and the management feels that the transaction would not have any material and adverse effect on operations of the Company.

BS