Welspun Living has received approval for acquisition of 3,500 equity shares of Rs 10 each of Welspun Corporate Services (WCSL) representing 35% of the total paid-up equity share capital of WCSL at a consideration of Rs 35,000. The balance 65% will be acquired by other Welspun Group entities.
WCSL is being positioned as a centralized corporate services platform for Welspun Group entities, providing integrated management and support services including human resources, legal, regulatory and compliance, taxation, corporate restructuring, mergers and amalgamations, strategic advisory and other corporate services. The proposed acquisition is intended to support the establishment and strengthening of WCSL as a centralized umbrella entity for delivering corporate services across the Welspun Group. Consequent to the above acquisition, WCSL will become an associate company of the Company.
Simultaneously, the company and other Welspun Group entities shall be entering into a joint shareholders’ agreement with WCSL. This agreement shall not have any impact on the management and control of the company. The Board of Directors of the company at its meeting held on March 19, 2026 has approved the same.
Welspun Living (Formerly known as Welspun India) is one of the largest home textile manufacturers in the world. It offers a wide spectrum of home and technical textile products and flooring solutions.
| Company Name | CMP |
|---|---|
| Welspun Living | 144.15 |
| Vardhman Textiles | 631.05 |
| Arvind | 502.55 |
| K.P.R. Mill | 1102.05 |
| Page Industries | 38773.20 |
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