Welspun Living has received Board of Directors’ approval for the sale of 100% equity shares of Welspun Home Solutions, a wholly owned subsidiary of the company to Welspun Advanced Materials (India), a wholly owned subsidiary of the company. On completion of the aforesaid sale, Welspun Home Solutions shall cease to be a wholly owned subsidiary of the Company and shall become a stepdown wholly owned subsidiary of the company.
Welspun Living (Formerly known as 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.
