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

Welspun Enterprises has completed the transaction for sale of balance 13% stake in Dewas Bhopal Road Corridor (DBCL)with India Infrastructure Fund - 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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