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Welspun India gets nod for raising up to $100 million

04 Mar 2021 Evaluate

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.

Peers
Company Name CMP
Vardhman Textiles 569.25
Welspun Living 224.50
Arvind 556.70
Raymond Lifestyle 690.80
K.P.R. Mill 1133.10
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