# Welspun Corp completes Rs 1,251 crore acquisition of Sintex-BAPL

Welspun Corp, through subsidiary Mahatva Plastic Products, completed the acquisition of insolvent Sintex-BAPL for Rs 1,251 crore on March 29, 2023. The deal was made under an NCLT-approved resolution plan.

- Type: Acquisition
- Announced: 2023-03-29
- Where: India
- Value: $152.5M (12.5B INR)
- Status: completed
- Products: plastic-moulded automotive components, plastic fuel tanks
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Welspun Corp](https://endata.com/companies/5773.md) (acquirer)
- [Sintex-BAPL](https://endata.com/companies/10416.md) (target)

## Sources

- [cablecommunity.com](https://cablecommunity.com/welspun-expands-its-plastic-products-business-through-1251-cr-strategic-acquisition-of-sintex-bapl/), 2023-04-01: "As on 29th March 2023, Welspun has completed the acquisition of SBAPL through its unlisted subsidiary, Mahatva Plastic Products Pvt. Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.