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Welspun India acquires 13.03% equity stake in Welspun Retail

02 Feb 2013 Evaluate

Welspun India has acquired 13.03% equity stake in Welspun Retail through the company’s wholly owned subsidiary. Welspun Retail is a subsidiary company of Welspun India. Pursuant to this transaction, the effective shareholding of the company in Welspun Retail stands at 98.03%.

Welspun India manufactures home textile products in bed and bath segments such as bed linen, basic bedding, decorative bedding, terry towels, rugs and yarn.

Peers
Company Name CMP
Vardhman Textiles 528.80
Welspun Living 249.65
Arvind 508.40
Raymond Lifestyle 551.50
K.P.R. Mill 1158.40
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