Hometexitle firm Welspun India Ltd informed that the company will transfer its entire retail business to a subsidiary company.
The Board of Directors have decided in-principle to transfer its entire retail business to a subsidiary, so as to focus on growth of retail business in India, the company informed the Bombay Stock Exchange.
Indian leading company Welspun India is the flagship company of Welspun Group. It is a leading manufacturer and exporter of terry towels and bed linens.
Today, Company has a total turnover in excess of Rs. 20,000 Million (of which more than Rs.10,000 Million is from exports), assets worth Rs. 17,000 Million, 10,000 + employees, presence in 50 countries and over 50,000 shareholders.
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