AI assistant
Welspun Corp Limited — Capital/Financing Update 2021
Jul 24, 2021
60527_rns_2021-07-24_5212471d-f4eb-4d5e-a298-9f9dc33423da.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
July 24, 2021
==> picture [606 x 70] intentionally omitted <==
WCL/SEC/2021
To,
| o, | |
|---|---|
| BSE Ltd. | National Stock Exchange of India Ltd. |
| Department of Listing, | (Symbol: WELCORP, Series EQ) |
| P. J. Towers, Dalal Street, | Exchange Plaza, |
| Mumbai – 400 001. | Bandra-Kurla Complex, |
| Bandra (E), Mumbai – 400 051. | |
| (Scrip Code: | |
| Equity - 532144), | |
| (NCD– 948505, 960468, 960491 and 973309) |
Dear Sirs/ Madam,
Subject: Update on the Business Transfer Agreement dated March 31, 2019 (“BTA”) for sale of PCMD Division for Rs . 848.50 crores plus closing adjustments towards net working capital.
This is with reference to our last communication dated June 8, 2021 on the BTA between JSW Steel Limited and the Company (the “Seller”) for sale of Plates and Coil Mill Division (“PCMD Division”).
We wish to inform that the Company has received the balance consideration of INR 85,69,80,773/- (Rupees Eighty Five Crores Sixty Nine Lakhs Eighty Thousand Seven Hundred and Seventy Three only). With this, we have received the full consideration of Rs. 848.50 crores net of closing adjustments towards net working capital and there is no further consideration receivable.
Kindly take on record the same.
Thanking You. Yours faithfully,
==> picture [217 x 81] intentionally omitted <==
==> picture [608 x 101] intentionally omitted <==