Author: Nikita
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India: Welspun to acquire steel biz of Welspun Steel, foray into long products
Welspun Corp (WCL), flagship of the Welspun Group, has proposed to acquire the steel business of the demerged company Welspun Steel Limited (WSL). At a meeting held on 28 Jun ’21, the board of directors decided to propose the scheme of arrangement between Welspun Steel and Welspun Corp to NCLT for transfer of WSL’s steel…