Welspun USA Inc. Subsidiary Acquires Christy Home Inc. for USD 300,000

Welspun Living Ltd. has disclosed the acquisition of Christy Home Inc. (CHI) by its subsidiary, Welspun USA Inc. The acquisition, which took place on September 17, 2024, involves an investment of USD 300,000. CHI, a newly incorporated company, was established to trade in Home Textiles products of the Christy brand in the USA. The acquisition does not fall under related party transactions and no governmental or regulatory approvals are required. The completion of the acquisition is expected by March 31, 2025. CHI, with its registered office in Wilmington, Delaware, USA, is a newly incorporated company with no turnover or business activity as of now.