Welspun Living inches up on getting nod to sell 100% stake held in Welspun Home Solutions
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Welspun Living is currently trading at Rs. 160.35, up by 0.30 points or 0.19% from its previous closing of Rs. 160.05 on the BSE.
The scrip opened at Rs. 161.70 and has touched a high and low of Rs. 161.70 and Rs. 159.25 respectively. So far 2608 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 213.10 on 29-Aug-2024 and a 52 week low of Rs. 122.60 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 161.75 and Rs. 150.00 respectively. The current market cap of the company is Rs. 15351.24 crore.
The promoters holding in the company stood at 66.24%, while Institutions and Non-Institutions held 14.75% and 19.01% respectively.
Welspun Living has received Board of Directors’ approval for the sale of 100% equity shares of Welspun Home Solutions, a wholly owned subsidiary of the company to Welspun Advanced Materials (India), a wholly owned subsidiary of the company. On completion of the aforesaid sale, Welspun Home Solutions shall cease to be a wholly owned subsidiary of the Company and shall become a stepdown wholly owned subsidiary of the company.
Welspun Living (Formerly known as Welspun India) is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
