Welspun India's board has approved raising up to $ 100 million (approximately Rs 750 crore) in one or more tranches. The board also authorised approaching the shareholders seeking requisite approvals to be obtained by way of a general meeting.
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.