Welspun Corp, which is the flagship arm of the USD 3 billion Welspun Group making steel pipes for the oil and gas sector, will hold 51 percent in the joint venture while the Malaysian partner Wasco, which is a fully-owned subsidiary of WahSeong Corporation, will own the rest, Welspun Group said in a statement.
Ashish Chugh, investment analyst and author of Hidden Gems joins CNBC-TV18 to cherry-pick some midcaps that could save your portfolio in these uncertain times. He advices buying shares of Surya Roshni and Ansal Properties at current price for good returns in future.