The board of Welspun Corp at its meeting held on 24 July 2026 has approved the additional 51% equity stake in Welspun Captive Power Generation (WCPGL) from Welspun Living (WLL), a promoter group Company, comprising of 1,50,64,213 equity shares of face value Rs. 10/- each, at a consideration of Rs. 67.66 crore.

Upon completion of the aforesaid acquisition, the aggregate equity shareholding of the company, together with its subsidiaries, in WCPGL will increase from the existing 23% to 74%, consequent to which WCPGL will become a subsidiary of the Company.