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Welspun India acquires Easygo Textiles at Rs10.68 lakh

ETPL has become a wholly-owned subsidiary of the company.

October 29, 2021 2:01 IST | India Infoline News Service
Welspun India
Welspun India Limited has acquired the newly incorporated Easygo Textiles Private Limited (ETPL) from its promoters, being related parties of the Company, at Rs10.68 lakh as the consideration which is at arm’s length and thus, ETPL has become a wholly-owned subsidiary of the company.

The company has decided to evaluate future opportunities for strategic acquisition of assets/business undertakings directly and/ or through ETPL for expansion and diversification of its business through an inorganic manner.

Welspun India Ltd was trading at Rs137.55 per piece down by Rs3.6 or 2.55% from its previous closing of Rs141.15 per piece on the BSE.

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