Home >Industry >Manufacturing >Welspun India sets up US arm to invest in e-commerce firms
Shares of Welspun India were trading 2.23% higher at Rs73.40 per scrip on BSE. Photo: Mint
Shares of Welspun India were trading 2.23% higher at Rs73.40 per scrip on BSE. Photo: Mint

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

Welspun India has incorporated a wholly-owned subsidiary Welspun Nexgen in US, having paid-up capital of $4.25 million, to make investment in e-commerce companies

New Delhi: 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 $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% higher at Rs73.40 per scrip on the BSE.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
My Reads Redeem a Gift Card Logout