GeeCee ventures to acquire stake in Welspun enterprises

GeeCee Ventures Limited has agreed to acquire 285,714 convertible warrants of Welspun Enterprises Limited (WEL) at a price of ₹525 per warrant, totaling an investment of ₹15 Crores. These warrants are convertible into one fully paid-up equity share of WEL within 18 months from the allotment date.

WEL, a civil construction company listed on both BSE and NSE, reported an authorized capital of ₹275 Crores, paid up capital of ₹138.41 Crores, turnover of ₹2,827.39 Crores, and profit after tax of ₹307.70 Crores for FY 2024-2025. Welspun Enterprises Limited's board approved this preferential issue and allottees on October 15, 2025.

The acquisition is a cash consideration and is not classified as a related party transaction. The completion of the acquisition is subject to requisite approvals from Welspun Enterprises Limited’s shareholders and stock exchanges.