Multibagger Infrastructure Company Sells 4.5% Stake In Saudi Firm EPIC For Rs 650 Crore; Check Details

Indian equity benchmarks traded higher on Wednesday, with the benchmark Nifty 50 index rising 150.10 points or 0.65 per cent to 23,392.20. Amid the positive market sentiment, Welspun Corp share price is trading at Rs 1,370.40, down 2.92 per cent from the previous close after the company announced a stake sale in Saudi Arabia-based East Pipes Integrated Company (EPIC).

 Stake Sale Transaction

Welspun Corp has divested a 4.5 per cent equity stake in East Pipes Integrated Company for Industry (EPIC), Kingdom of Saudi Arabia, for an aggregate consideration of SAR 283.46 million (approximately USD 75.59 million). The transaction was executed on June 9, 2026, through a series of negotiated trades on the Tadawul Stock Exchange by Welspun Mauritius Holdings Limited (WMHL), a wholly owned subsidiary of the company.

The divestment partially monetizes Welspun Corp's investment in the Saudi-listed pipe manufacturer and helps the company unlock value from a portion of its holding.

Welspun Corp Continues To Hold Strategic Interest

Following the transaction, Welspun Pipes Inc., USA, another wholly owned subsidiary of Welspun Corp, will continue to hold a 22 per cent equity stake in EPIC. The company had earlier disclosed its intention to retain this stake as part of its international investment strategy.

By maintaining a significant minority holding, Welspun Corp continues to retain exposure to the Saudi market while simultaneously releasing capital through the partial divestment.

Financial Performance Of EPIC

For the financial year ended March 31, 2026, EPIC reported revenue of SAR 2,298 million and profit before tax of SAR 621 million. The company's net worth stood at SAR 1,564 million as of the same date.

The financial performance highlights EPIC's position in the regional pipe manufacturing sector and provides context to the valuation of the stake monetisation undertaken by Welspun Corp.

Welspun Corp Transaction Structure

The company clarified that since EPIC is a listed entity, a separate agreement for sale was not applicable. The transaction was carried out through exchange-based negotiated trades in favour of identified financial investors.

Welspun Corp further stated that the transaction does not qualify as a related party transaction, is not part of any scheme of arrangement and does not constitute a slump sale.

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About Welspun Corp

Welspun Corp Limited, the flagship company of Welspun World, is a global provider of pipe solutions and building materials with operations spanning more than 50 countries across six continents. The company serves industries including oil and gas, water transmission and infrastructure through a portfolio comprising HSAW, LSAW and HFIW line pipes, ductile iron pipes, stainless steel bars, TMT rebars and plastic piping solutions under the Sintex brand.

The company operates manufacturing facilities across India and the United States while maintaining an international presence in markets including Saudi Arabia.

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Disclaimer: The article is for informational purposes only and not investment advice.