ALSO READWelspun India incorporates subsidiary in Delaware, USA Board of Welspun Enterprises reviews on investment in Welspun Financial Services Welspun Corp jumps after winning orders Welspun India Q2 net profit at Rs 96.6 cr Welspun India consolidated net profit declines 38.39% in the June 2017 quarter
Textile firm Welspun India has incorporated a wholly-owned subsidiary in the US to invest in e-commerce companies. "The company has incorporated a wholly-owned subsidiary Welspun Nexgen Inc registered with the state of Delaware, US having paid up capital of USD 4.25 million to make investment in e-commerce companies," Welspun India said in a BSE filing. The firm however did not elaborate on the matter. Shares of Welspun India were trading 2.23 per cent higher at Rs 73.40 per scrip on BSE.
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