Welspun Enterprises divests 37% stye in JV Firm

Q.  Which company has divested 37% stake in its JV Dewas Bhopal Corridor Ltd to India Infrastructure Fund?
- Published on 24 Dec 15

a. Welspun
b. Vardhaman
c. Monte Carlo
d. DigJam

ANSWER: Welspun
 
Welspun Enterprises Ltd has divested 37% stake in JV firm Dewas Bhopal Corridor Pvt Ltd for INR 662 crore to IDFC sponsored fund India Infrastructure Fund. As per the agreement, the company has sold 37% equity stake in Dewas Bhopal Corridor Pvt Ltd which is a 50% JV of the company at enterprise value of INR 6.62 billion.

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