GeeCee Ventures Acquires Convertible Warrants in Welspun Enterprises
Filing Summary
GeeCee Ventures Ltd has acquired 2,85,714 convertible warrants from Welspun Enterprises Limited, each warrant priced at Rs. 525. The total investment amounts to approximately Rs. 15 Crores, with 25% already paid. The warrants are convertible into equity shares within 18 months. This acquisition is part of GeeCee’s investment strategy. Welspun Enterprises operates in the civil construction industry, with a turnover of Rs. 2,827 Crores for FY 2024-2025. The transaction does not involve related party interests and requires no regulatory approvals.
GeeCee Ventures Ltd has disclosed the acquisition of 2,85,714 convertible warrants from Welspun Enterprises Limited (WEL). Each warrant is convertible into one equity share of Rs. 10 fully paid-up, priced at Rs. 525 per warrant. The allotment was approved by the Allotment Committee of WEL on December 01, 2025, and GeeCee Ventures was informed on December 02, 2025.
The total investment for the acquisition of these warrants is approximately Rs. 15 Crores. GeeCee Ventures has already paid 25% of the total value, amounting to Rs. 3.75 Crores. The remaining 75% will be paid at the time of conversion of the warrants into equity shares. The acquisition was executed on a cash consideration basis.
The convertible warrants are part of a preferential issue by Welspun Enterprises. These warrants can be converted into equity shares at any time before the expiry of 18 months from the date of allotment. The acquisition represents 0.18% of the diluted share capital of Welspun Enterprises. No related party transactions are involved in this acquisition, and it is conducted at arm’s length.
Welspun Enterprises Limited is a company engaged in the civil construction industry, with a focus on infrastructure projects. For the fiscal year 2024-2025, Welspun reported a turnover of Rs. 2,827 Crores and a profit after tax of Rs. 308 Crores. The company is involved in the transportation and water infrastructure sectors and has a joint venture with Adani Enterprises in the oil and gas sector.
The acquisition process will be completed upon the conversion of the warrants into equity shares. No governmental or regulatory approvals are required for this transaction. The timeline for conversion is set within 18 months from the date of allotment.
Welspun Enterprises Limited is a key player in India’s infrastructure sector, focusing on transportation and water infrastructure. The company also has interests in the oil and gas sector through strategic partnerships, enhancing its portfolio and market presence.
GeeCee Ventures Ltd is engaged in investment activities across various sectors. The company focuses on strategic investments to enhance its portfolio and generate value for its stakeholders. This acquisition aligns with GeeCee’s investment strategy and expands its presence in the infrastructure sector.