Welspun Enterprises acquires 50.10% stake in Michigan Engineers

Welspun Enterprises Limited acquired a 50.10% stake in Michigan Engineers Private Limited, a trenchless technology-based EPC company in the urban water infrastructure segment, for an equity investment of Rs. 137.07 crore.

“The acquisition aligns with WEL's strategy to expand the water infrastructure business and marks the Company's entry into a high margin and high growth water and tunnelling solutions segment.”goodreturns.in

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• goodreturns.in52-Week High: Multibagger Small Cap Infra Stock Acquires 50.10% Stake In Michigan Engineers - GoodreturnsRenu BaliyanAug 22, 2023

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