GeeCee Ventures acquires warrants in Welspun Enterprises

GeeCee Ventures Limited has been allotted 285,714 convertible warrants of Welspun Enterprises Limited (WEL), each convertible into one equity share of INR10/-. The warrants were issued on a preferential basis at a price of INR525/- per warrant. GeeCee Ventures has already paid 25% of the total investment value, amounting to INR3.75 Crores, for these warrants. The balance 75% will be paid upon conversion of the warrants into equity shares.

The acquisition was approved by WEL's allotment committee on December 1, 2025, with GeeCee Ventures learning of the allotment on December 2, 2025. This transaction represents an approximate cost of acquisition of INR15 Crores. Upon conversion, these warrants will represent a 0.18% stake in Welspun Enterprises' diluted share capital.

Welspun Enterprises, a civil construction company, reported a turnover of INR2,827.39 Crores and a profit after tax of INR307.70 Crores for the financial year 2024-2025. This acquisition aligns with GeeCee Ventures' investment strategy, further diversifying its portfolio.