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Board approved up to Rs 1,285 Cr infusion into WOS VRPL via convertible debentures; VRPL may invest up to Rs 1,000 Cr in promoter-group Indivara Realty via OCDs, subject to shareholder approval. This is the first major deployment after Welspun Corp stake monetization, shifting the company toward promoter-group real estate exposure. Material related-party transaction; conversion terms, valuation, deployment timeline and use of funds remain undisclosed. Transactions are proposed at arm's length.