Welspun plans to buy European textile firm
Terry towel and bedlinen maker Welspun India Ltd's is spinning a new strategy to ride the rising rupee. On the heels of Rs 200 crore acquisition of towel brand Christy's in the UK, now Welspun is looking at a small but strategic acquisition in Europe soon. NDTV has learnt that the target is a home furnishings and textiles company and the deal size is estimated to be around Rs 80 crore.
