Welspun India has received an approval for raising funds by way of private placement, up to Rs 500 crore, inter alia, by issuing non-convertible debentures (NCDs) or Commercial Papers, subject to approval of the shareholders under Sections 42 and 71 of the Companies Act, 2013. The Board of Directors of the company at its meeting held on February 23, 2022, has approved the same.
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.
