Welspun Enterprises divests 50% stake in DBCL
Welspun Enterprises has completely divested its 50% stake in Dewas Bhopal Road Corridor (DBCL) for a total consideration of Rs 184.10 crore as against its fund infusion of Rs 85.40 crore implying a multiple of 2.15x. DBCL also had an outstanding debt of Rs 317 crore at the time of the initial agreement, implying an … Read more