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Tuesday, May 24, 2005

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Welspun Gujarat trading to resume from today after merger

Our Bureau

Mumbai , May 23

TRADING in the shares of Welspun Gujarat Stahl Rohren Ltd (WGSRL) will recommence on the National Stock Exchange and the Bombay Stock Exchange on Tuesday, following the merger of Eupec-Welspun Pipe Coatings India Ltd and Welspun Gujarat Stahl Rohren Ltd.

Post-merger, the paid-up capital of the company is Rs 53.53 crore.

An official statement quoting Mr B.K. Goenka, Vice-Chairman and Managing Director, said: "This merger positions WGSRL for greater success than either company could have achieved individually.

The company is confident that it will generate efficiencies that will benefit customers, shareholders and employees."

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