Welspun Enterprises Completes Sale Of DBCL
2018-12-18 Disinvestment Construction Western India
Welspun Enterprises Limited has completed the transaction for sale of balance 13% stake in Dewas Bhopal Road Corridor Private Limited (DBCL) with India Infrastructure Fund-Il and has received consideration of Rs. 57.7 crore. With this, the company has completely divested its 50% stake in DBCL for a total consideration of Rs. 184.1 crores as against its fund infusion of Rs. 85.4 crores implying a multiple of 2.15x.