Shares of Welspun Corp will remain in focus, as the Competition Commission of India has approved the company’s plan to sell plates and coils mills division to Laptev Finance for ₹848.50 crore. PCMD has been identified as a non-core asset and the company has entered into an agreement to divest it, Welspun had said. By selling the division, Welspun is expected to move towards an asset-light model to achieve improvement in its profitability and return ratios.