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Welspun India’s promoters acquire 11.50% more stake in company

18 Jul 2012 Evaluate

Mumbai-headquartered Welspun India’s promoters have hiked their stake to 59.56% in the company. The promoters have acquired 11.50% stake or 1.02 crore shares for Rs 55.30 crore from the open market. The shares were acquired by Krishiraj Trading, a constituent of Welspun Promoter Group.

Welspun India manufactures home textile products in bed and bath segments such as bed linen, basic bedding, decorative bedding, terry towels, rugs and yarn.

Peers
Company Name CMP
Vardhman Textiles 529.75
Welspun Living 239.05
Arvind 534.80
Raymond Lifestyle 628.20
K.P.R. Mill 1071.60
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