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Welspun India sets up US arm to invest in e-commerce firms

Press Trust of India  |  New Delhi 

Textile firm has incorporated a wholly-owned subsidiary in the US to invest in companies.

"The company has incorporated a wholly-owned subsidiary registered with the state of Delaware, US having paid up capital of USD 4.25 million to make investment in companies," said in a filing.

The firm however did not elaborate on the matter.

of were trading 2.23 per cent higher at Rs 73.40 per scrip on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 12:35 IST