BRIEF-India's Welspun Says Deal With Laptev On Track To Close By March 2021

  • Reuters
  • Stock Market News
BRIEF-India's Welspun Says Deal With Laptev On Track To Close By March 2021
Credit: © Reuters.

March 25 (Reuters) - Welspun Corp Ltd WGSR.NS :

* UPDATE ON BUSINESS TRANSFER AGREEMENT DATED MARCH 31, 2019

* LAPTEV FINANCE AND COMPANY REITERATED COMMITMENT TO CONSUMMATE SALE OF PLATES AND COIL MILL DIVISION STIPULATED IN AGREEMENT

* COMPANIES MUTUALLY DECIDED TO CONSUMMATE TRANSACTION NO LATER THAN MARCH 31, 2021

* HAS ALREADY RECEIVED 250 MILLION RUPEES AS ADVANCE FOR TRANSACTION

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