Business

Welspun Corp shares drop 6% after CEO, promoter group likely sell stake worth Rs 1,433 crore via block deal

The Economic Times · 26 August 2026 at 11:26 am

Welspun Corp shares fell sharply on Wednesday after 63 lakh shares worth Rs 1,433 crore changed hands in a block deal.

Promoter group entity Welspun Investments and Commercials and CEO Vipul Mathur were likely sellers.

The transaction represented about 2.4% of the company’s outstanding shares and came after a sharp rally.

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Welspun Corp shares drop 6% after CEO, promoter group likely sell stake worth Rs 1,433 crore via block deal

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