Welspun Enterprises gain more than 3% on acquiring majority stake in Michigan Engineers for Rs 137 crore
Authum Investment & Infrastructure Ltd (AII) divested a 36.05 per cent stake in Michigan Engineers to Welspun Enterprises for Rs 98.63 crore. Sansaar Housing Finance Ltd (SHF) also divested its remaining 14.05 per cent stake in MEPL to WEL for Rs 38.44 crore.
Welspun Enterprises is also at the helm of the 418 MLD WasteWater Treatment Facility (WwTF) project at Dharavi, Mumbai.