Welspun Corp Limited (BSE:532144) acquired Assets of ABG Shipyard Limited for INR 6.59 billion on September 21, 2022. Welspun Corp's share in purchase consideration is INR 5.89 billion, and its subsdiary Nauyaan Shipyard's share is INR 70 million. Pursuant to the receipt of the entire purchase consideration, the Liquidator has issued the sale certificate in terms of the IBC for transfer of the specified assets to Welspun Corp Limited and its wholly owned subsidiary.
Welspun Corp Limited (BSE:532144) completed the acquisition of Assets of ABG Shipyard Limited on September 21, 2022.