Welspun Enterprises has entered into a definitive agreement with JSW Steel, pursuant to which the company shall sell Welspun Maxsteel (WMSL) for an enterprise value of Rs 1,000 crore plus net current assets as on August 31, 2014. This Enterprise Value includes long term debts of WMSL, which is estimated at Rs 1,087 crore as on August 31, 2014.
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