Welspun India has prepaid term loans of Rs 284.17 crore as on September 30, 2019 along with other installments which were due as the quarter end on standalone basis. With this prepayment, the outstanding term loan on standalone basis as on September 30, 2019 stands at Rs 1,080.99 crore vis a vis Rs 1,510.81 crore as on March 31, 2019. The weighted average interest rate of the loans prepaid by the company was 9.82% p.a.
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
