On 01 August 2019
Welspun Enterprises announced that with reference to the Scheme of Amalgamation of Anjar Road ('ARPL or 'the Transferor Company') with Welspun Enterprises ('WEL' or 'the Transferee Company') and their respective shareholders and creditors ('the Scheme') which was pronounced by the Hon'ble National Company Law Tribunal ('NCLT'), Ahmedabad Bench on 21 June 2019 and made effective on 20 July 2019.The Board of Directors of the Company has on 01 August 2019 approved the allotment of 5,84,15,951 fully paid equity shares of Rs. 10/- each to Balkrishan Goenka, Trustee of Welspun Group Master Trust.
There is no change in the total promoter holding in the company pursuant to the said allotment.
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