Aryabhat Vyapar Private Limited agreed to acquire 19% stake in Welspun Global Services Limited and Welspun Transformation Services Limited from Welspun Enterprises Limited (NSEI:WELENT) for INR 16.4 million on May 21, 2024. The consideration consists of INR 16.40 million in cash. As part of the consideration, INR 16.40 million was paid towards common equity.

Board of Welspun Enterprises Limited approved the deal. The combined turnover of Welspun Global Services Limited and Welspun Transformation Services Limited reported combined revenue of INR 1.24 Billion as on March 31, 2024.. The Combined common equity of Welspun Global Services Limited and Welspun Transformation Services Limited was INR 70.8 million as on March 31, 2024.

Expected closing date is on June 30, 2024.