{"id":267316,"date":"2019-04-01T04:33:06","date_gmt":"2019-04-01T04:33:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267316"},"modified":"2019-04-01T04:33:06","modified_gmt":"2019-04-01T04:33:06","slug":"welspun-corp-to-sell-assets-worth-rs-940-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/welspun-corp-to-sell-assets-worth-rs-940-crore\/","title":{"rendered":"Welspun Corp to sell assets worth Rs 940 crore"},"content":{"rendered":"<p>WelspunNSE 0.25 % Corp, the flagship firm of the Welspun Group, Sunday said it will sell its assets worth Rs 940 crore to two companies &#8212; Laptev Finance and Welspun Captive Power Generation. <\/p>\n<p>The company has signed agreement with Laptev Finance to sell its plates and coils mill division for Rs 848.5 crore. <\/p>\n<p>&#8220;The Board of Directors of the Company at its meeting held on March 30, 2019&#8230;approved the slump sale of the business undertaking of the Company viz Plates and Coils Mill Division (PCMD) to Laptev Finance Pvt Ltd,&#8221; Welspun Corp said in a regulatory filing. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>WelspunNSE 0.25 % Corp, the flagship firm of the Welspun Group, Sunday said it will sell its assets worth Rs 940 crore to two companies &#8212; Laptev Finance and Welspun Captive Power Generation. The company has signed agreement with Laptev Finance to sell its plates and coils mill division for Rs 848.5 crore. &#8220;The Board of Directors of the Company at its meeting held on March 30, 2019&#8230;approved the slump sale of the business undertaking of the Company viz Plates and Coils Mill Division (PCMD) to Laptev Finance Pvt Ltd,&#8221; Welspun Corp said in a regulatory filing.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-267316","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=267316"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267316\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}