Welspun India has acquired the newly incorporated Easygo Textiles (ETPL) from its promoters, being related parties of the company, at Rs 1.06 crore as the consideration which is at arm's length and thus, ETPL has become a wholly owned subsidiary of the company. The company has decided to evaluate future opportunities for strategic acquisition of assets / business undertakings directly and/ or through ETPL for expansion and diversification of its business through inorganic manner.
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.
