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This is an archive article published on June 30, 2011

Apollo to Invest up to R2,250 cr in Welspun

The transaction is expected to close before August 12,2011.

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In one of the largest private equity deals this year,New York-based Apollo Global Management,LLC,a leading private equity firm,has decided to invest Rs 2,250 crore in the $3 billion Welspun group.

The transaction is expected to close before August 12,2011. The boards of Welspun Corp (WCL),Welspun Maxsteel Limited (WMSL) and Welspun Infratech Limited (WITL) have accepted Apollos investment proposals in meetings held on June 29.

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