Welspun India Ltd., a leading home textiles company with presence in fifty countries across the world with a distribution network in over 32 countries including the US, Canada, the UK and Australia, has incorporated a wholly owned subsidiary in the US. The new company Welspun Nexgen Inc would invest in companies engaged in e-commerce activities.“The company has incorporated a wholly owned subsidiary viz. Welspun Nexgen Inc., registered with the state of Delaware, US, having paid-up capital of $4.25 million for making investments in e-commerce companies,” Welspun India said in its disclosure to the stock exchanges.
Welspun, however, did not elaborate further on the matter. (RKS)
Welspun India Ltd., a leading home textiles company with presence in fifty countries across the world with a distribution network in over 32 countries including the US, Canada, the UK and Australia, has incorporated a wholly owned subsidiary in the US. The new company Welspun Nexgen Inc would invest in companies engaged in e-commerce activities.#
ALCHEMPro News Desk – India
marketing@alchempro.com
