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Welspun Enterprises completes divestment of 50% stake in Dewas Bhopal Corridor

Capital Market 

has completed the transaction for sale of balance 13% stake in Bhopal Road Corridor (DBCL)with - II and has received consideration of Rs 57.7 crore.

With this, the company has divested its 50% stake in DBCL for a total consideration of Rs 184.1 crore as against its fund infusion of Rs 85.4 crore implying a multiple of 2.15x.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 18 2018. 17:33 IST
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