Business Daily from THE HINDU group of publications
Thursday, February 8, 2007
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Business Daily from THE HINDU group of publications Thursday, February 8, 2007 |
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News Update as at 18.00 hrs (IST)
Markets Overseas buy news revs up Welspun MUMBAI: Welspun India was up 1.7 per cent at Rs 97.75 on news that it is in talks to buy a European home textile company for nearly $120 million. "The acquisition strategy has paid off for the company so far but still we need more clarity on recent purch ase plan," said a trader adding the company's plan to launch foreign branded home textiles in local market is a positive move as it may target a premium niche segment". Welspun earlier bought UK based towel brand Christy for Rs 132 crore.
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