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"The expansion projects of flooring, advanced textile, and home textile businesses, which were in different stages of progress in FY21 will get completed in FY22," the company s management said in its discussion and analysis in the report. ....
Welspun Group launches vaccination camp for its employees in Vapi freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Named Welspun One Logistics Parks Fund I” the fund is a SEBI-registered Category II AIF. The fund has a target size of Rs 500 crore with a tenure of four years and a hurdle rate of 15 per cent. Welspun promoter family office has put in Rs 75 crore. The investment thesis of the fund is to acquire land parcels in high demand, pre-identified markets, and develop Grade-A warehousing parks which will be leased on a long-term basis to ‘AAA’ credit tenants from sectors such as e-commerce, FMCG, third-party logistics (3PLs), pharma and auto-ancillaries. On completion, these assets would be divested to institutional investors including private equity, pension and sovereign funds, REITs, and so on to provide an exit and deliver the targeted returns to fund investors. ....