Welspun Enterprises shares rally 9% as board approves ₹1,000 crore fundraising

The company’s board approved raising up to ₹1,000 crore through the issuance of 1.9 crore warrants, each priced at ₹525, convertible into one equity share of ₹10 each.

“…The Board of Directors of the Company at its meeting held today, i.e., on October 15, 2025, considered and approved raising of funds through issuance of 19,047,619 warrants carrying options to subscribe equity shares in the ratio of 1 (one) equity share having a face value of ₹10/- each at an issue price of ₹525/- (Rupees Five Hundred and Twenty-Five Only) (including a premium of ₹515/-) for 1 (one) warrant, aggregating up to ₹1,000 Crore (Rupees One Thousand Crore Only), by way of preferential issue on a private placement basis to the proposed Allottees,” Welspun Enterprises said in a regulatory filing.

The firm’s board of directors will hold a general meeting on November 7, 2025, to seek shareholders’ approval for the proposed fundraise.

Following this, Welspun Enterprises shares were trading higher. At 2:30 PM, the stock was seen at ₹561 apiece on NSE, gaining 6.32%.

The firm had declared its fundraising plans last week. It also bagged a contract for a six-lane partially elevated highway from Pune to Shirur (NH-753F) in Maharashtra. The project includes a partially elevated six-lane highway and road improvements over 53.4 km.

Shares of Welspun Enterprises were trading 6.60% higher at ₹562.55 apiece on the National Stock Exchange (NSE) at 3 PM.

Over the past five trading sessions, Welspun Enterprises’ shares have gained 7%, while they have surged nearly 15% in a month. In the last six months, the stock rose 11% but has declined 6.4% year-to-date.

Shares of Welspun Enterprises hit a 52-week high of ₹655 on January 8, 2025, and a 52-week low of ₹400.05 on February 28, 2025. As of October 15, the company’s market capitalisation stood at ₹7,785.08 crore.