Mumbai, April 25 -- The Board of Welspun Living at its meeting held on 25 April 2024 has approved restructuring of overseas subsidiaries.

As part of the as part of the overall strategy of the Company to make the

structure of the Company leaner and transparent and reduce the doubling of operational administrative expenses and compliances, the Company intended to reduce number of entities (direct and indirect subsidiaries of the Company) and further eliminate non-operational entities.

Accordingly, as part of first phase, the Board of Directors of the Company had on 31 July 2023 approved the a scheme of amalgamation providing for amalgamation of Anjar Integrated Textile Park Developers, Anjar Terry Towels, Besa Developers and Infrastructu...