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Welspun India gains on getting nod to sell wholly owned subsidiaries to MGN Agro Properties

22 Nov 2022 Evaluate

Welspun India is currently trading at Rs. 76.30, up by 0.15 points or 0.20% from its previous closing of Rs. 76.15 on the BSE.

The scrip opened at Rs. 75.60 and has touched a high and low of Rs. 77.00 and Rs. 75.60 respectively. So far 18895 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.95 on 10-Jan-2022 and a 52 week low of Rs. 62.30 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 80.10 and Rs. 75.60 respectively. The current market cap of the company is Rs. 7558.65 crore.

The promoters holding in the company stood at 70.36%, while Institutions and Non-Institutions held 12.29% and 17.35% respectively.

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.

Welspun Living Share Price

132.40 5.65 (4.46%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 132.40
Vardhman Textiles 560.40
Arvind 390.50
K.P.R. Mill 922.70
Page Industries 37966.05
View more..

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