Welspun India Limited acquires Easygo Textiles Private Limited

Welspun India Limited has acquired the newly incorporated Easygo Textiles Private Limited ('ETPL') from its promoters, being related parties of the Company, at Rs. 10.68 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 inorganic manner.

Shares of Welspun India Limited was last trading in BSE at Rs. 137.70 as compared to the previous close of Rs. 141.15. The total number of shares traded during the day was 342867 in over 5320 trades.

The stock hit an intraday high of Rs. 141.45 and intraday low of 136.25. The net turnover during the day was Rs. 47451572.00.

Source : Equity Bulls

Keywords

WelspunIndiaLimited INE192B01031 Acquisition EasygoTextiles