Aryabhat Vyapar Private Limited agreed to acquire 19% stake in Welspun Global Services Limited/Welspun Transformation Services Limited from Welspun Living Limited (BSE:514162) for INR 16.4 million on April 25, 2024. The consideration consists of INR 16.4 million in cash. As part of the consideration, INR 16.4 million was paid towards assets.

Board of directors of Welspun Living Limited (BSE:514162) approves the deal. Welspun Global Services Limited and Welspun Transformation Services Limited reported the revenue of INR 1.3 as on March 31, 2024. The deal is expected to be completed by June 15, 2024.