Welspun India has received approval to sell/ transfer its wholly owned subsidiary (WOS) companies named Welspun Innovative Products and Easygo Textiles to MGN Agro Properties, a promoter group company. These WOSs presently don’t have any active business nor do have any plan for them and hence, the Company has decided to exit. The board of directors at its meeting held on November 21, 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.
