New Delhi : Welspun Enterprises Ltd today said it has divested 37 % stake in its joint venture firm Dewas Bhopal Corridor Pvt Ltd for Rs 662 crore to the IDFC-sponsored fund, India Infrastructure Fund.
“The company still owns 13% equity stake in DBCL, which can be transferred in two years subject to approval of Madhya Pradesh Road Development Corporation Ltd,” Welspun Enterprises said in a BSE filing.